Federal Housing Finance Agency Annual Report to Congress for 2015
June 15, 2016
Dear Chairmen and Ranking Members:
I am pleased to enclose the Federal Housing Finance Agency’s (FHFA’s) 2015 Report to Congress. This Report meets the requirements of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008 (HERA), to submit a report to Congress describing the actions undertaken by FHFA to carry out its statutory responsibilities, including a description of the financial safety and soundness of the entities the Agency regulates. It also meets FHFA’s obligation under Section 1305 of the Dodd-Frank Wall Street Reform and Consumer Protection Act to report to Congress on the Agency’s plans to “continue to support and maintain the nation’s vital housing industry, while at the same time guaranteeing that the American taxpayer will not suffer unnecessary losses.”
During 2015, FHFA continued to serve as regulator of the 11 Federal Home Loan Banks (FHLBanks) and the FHLBanks’ joint Office of Finance and as regulator and conservator of Fannie Mae and Freddie Mac. The enclosed Report summarizes the findings of the Agency’s 2015 examinations of these entities as well as FHFA’s actions as conservator of Fannie Mae and Freddie Mac during 2015 and it describes FHFA’s regulatory guidance, research, and publications issued during the year.
As required by HERA, this Report also includes the Federal Housing Finance Oversight Board’s assessment of the matters set out in Section 1103 of that Act.
Sincerely,
Melvin L. Watt
Director, Federal Housing Finance Agency
Full report below…
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FHFA Annual Report to Congress for 2015
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