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FHFA Announces Strategic Plan for GSE Conservatorship, Regulation of FHL Banks

FHFA Strategic Plan Fiscal Years 2015-2019The Federal Housing Finance Agency (FHFA [1]) has announced its strategic plan for the fiscal years 2015 through 2019, reflecting the FHFA's priorities as a regulator and conservator of government-sponsored enterprises Fannie Mae [2] and Freddie Mac [3] as well as regulator of the 12 Federal Home Loan (FHL) Banks [4].

FHFA put together the report, entitled FHFA Strategic Plan: Fiscal Years 2015-2019 [5], based on input on the draft agency strategic plan [6] the FHFA received on request from members of Congress, the public, and stakeholders in accordance with the Government Performance and Results Modernization Act of 2010. The strategic plan outlines three goals for the FHFA for the forthcoming fiscal years: ensure safe and sound regulated entities; ensure liquidity, stability, and access in housing finance; and manage the enterprises' ongoing conservatorship.

The strategic plan reflects priorities outlined for the GSEs in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac [7], released by the FHFA in May 2014.

Last week, FHFA issued its Performance and Accountability Report, which gave a detailed report of the agencies activities as conservator of the GSEs and regulator for the FHL Banks during fiscal year 2014. The agency received an unmodified, or "clean" audit opinion from the U.S. Government Accountability Office for its financial activities during fiscal year 2014.