FHFA Seeks Public Comment on Strategic Plan

Freddie Mac Fannie Mae

On May 14, the Federal Housing Finance Agency released for public comment a draft strategic plan for fiscal years 2013-2017. The draft plan updates FHFA’s existing strategic plan document to incorporate a proposal sent to Congress in February 2012 that outlined FHFA’s plan to build a new infrastructure for the secondary mortgage market, contract Fannie Mae and Freddie Mac’s current market dominance, and maintain the Enterprises’ roles in foreclosure prevention activities and refinance initiatives. The draft plan sets forth four strategic goals: (i) Safe and sound housing GSEs; (ii) Stability, liquidity, and access in housing finance; (iii) Preserve and conserve Enterprise assets; and (iv) Prepare for the future of housing finance in the U.S.