The Federal Housing Finance Agency (FHFA) recently released an updated strategic plan for fiscal years 2013-2017. The plan, entitled “Preparing a Foundation for a More Efficient and Effective Housing Finance System,” details how FHFA will carry out its role as chief regulator of the Federal Home Loan Banks (FHLBs), Fannie Mae and Freddie Mac. Specifically, FHFA sets four broad goals and associated implementing actions for the government sponsored enterprises (GSEs): improving the safety and soundness of the GSEs including finalizing regulations from the Housing and Economic Recovery Act of 2008 (HERA) and the Dodd-Frank Act; promoting stability, liquidity and access for housing finance including exploring more private risk-sharing opportunities; preserving and conserving GSE assets in addition to removing barriers to foreclosure alternatives such as short sales and deeds in lieu; and preparing for the future of the housing finance system including building a new infrastructure for the secondary mortgage market and developing market standards.

Click here to read the plan.