FHFA Publishes Strategic Plan

Posted by Orb Staff on July 10, 2009 No Comments
Categories : Residential Mortgage

deral Housing Finance Agency (FHFA) has released its first five-year [link=http://www.fhfa.gov/webfiles/14476/FHFA_StrategicPlan_2009-2014n.pdf][u]Strategic Plan[/u][/link], which details the goals and objectives for 2009-2014 that will guide the agency in its actions to restore the financial health of Fannie Mae and Freddie Mac, enhance the Federal Home Loan Bank System and contribute to the strength and stability of the nation's housing finance market and affordable housing. ‘Over the next couple of years, Fannie Mae's and Freddie Mac's role in the Making Home Affordable program will be critical in stabilizing the mortgage market," says Director James B. Lockhart. "The stronger regulatory framework created by [the Housing and Economic Recovery Act] will be crucial in achieving and maintaining safety and soundness in the housing GSEs, and the success of our efforts as an agency." The plan lists three strategic goals: Safety and Soundness, Housing Mission and Conservatorship, as well as a Resource Management Strategy that the FHFA will employ in fulfilling its mission to "provide effective supervision, regulation and housing mission oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks to promote their safety and soundness, support housing finance and affordable housing, and support a stable and liquid mortgage market." SOURC

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