FHFA Releases 2023 Scorecard for Fannie Mae, Freddie Mac

Housing Finance
Published
Contact: Michelle Kitchen
[email protected]
Senior Director, Multifamily Finance
(202) 266-8352

The Federal Housing Finance Agency (FHFA) today released the 2023 Scorecard for Fannie Mae and Freddie Mac (the Enterprises) and their joint venture, Common Securitization Solutions, LLC (CSS). FHFA releases an annual scorecard to communicate its priorities and expectations for the Enterprises and CSS.

The 2023 Scorecard focuses on specific Enterprise goals that address affordability, fair lending and equity, in addition to modernizing single-family appraisal processes and continuing to prioritize climate risks. The scorecard also ensures that the Enterprises employ effective risk management systems and maintain sufficient liquidity to sustain operations through severe stress events.

FHFA expects the Enterprises to:

  • Identify strategies and activities to facilitate greater affordable housing supply within the limits of charter authorities.
  • Continue efforts to minimize single-family appraisal bias and improve valuation equity, including by supporting FHFA's implementation of the Property and Valuation Equity (PAVE) action plan.
  • Transfer a meaningful amount of credit risk to private investors in a commercially reasonable and safe and sound manner, reducing risk to taxpayers.
  • Explore the feasibility of expanding tenant protections in properties financed by the Enterprises.
  • Manage new multifamily purchases to remain within the $75 billion per Enterprise multifamily cap requirements, including an expanded focus on workforce/moderate income housing.
  • Pursue various other initiatives to advance the 2023 Scorecard goals.

Access the 2023 Scorecard.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Economics

Oct 29, 2025

Fed Cuts Rate Amid Partly Cloudy Conditions

With the government shutdown limiting the quantity of economic data available to markets and policymakers, the central bank’s Federal Open Market Committee (FOMC) enacted a widely anticipated 25 basis point cut for the short-term federal funds rate. This marks the second consecutive cut this fall.

Trends

Oct 29, 2025

Do Consumers Want Two-Story Foyers?

Nearly a quarter of new homes were built with a two-story foyer in 2024 — a number that has been trending downward over the past eight years. Though the national decline continued, regional patterns were mixed. See where this feature is hot — and where it's not.

View all

Latest Economic News

Economics

Oct 29, 2025

The Fed Cuts amid Partly Cloudy Conditions

With the government shutdown limiting the quantity of economic data available to markets and policymakers, the central bank’s Federal Open Market Committee (FOMC) enacted a widely anticipated 25 basis point cut for the short-term federal funds rate.

Economics

Oct 28, 2025

Home Price Growth Slows

Home prices in August grew at the lowest annual rate in over two years, according to the recent release of the S&P Cotality Case-Shiller Home Price Index (seasonally adjusted – SA).

Economics

Oct 27, 2025

Two-Story Foyer Trend Stabilizes in 2024

In 2024, nearly a quarter of new homes were built with a two-story foyer, virtually unchanged from 2023, according to data obtained from the Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB.