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Mortgage Glossary

FHFA (Federal Housing Finance Agency)

Mike Starr·Reviewed August 2026

The Federal Housing Finance Agency is the independent regulatory agency that oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. The FHFA sets annual conforming loan limits, monitors the GSEs' financial health, and ensures they operate safely and fulfill their mission of providing liquidity to the mortgage market.