The Federal Housing Finance Agency’s goal is to keep the housing finance system healthy by supervising and regulating Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System.

The agency spent $386 million in FY 2023 to do its work.

We audit and issue opinions annually on the agency’s financial statements and on related internal controls (e.g., processes to reasonably assure that transactions are properly authorized and recorded).

In FY 2023, we found the statements were reliable and that controls over financial reporting were effective—although some financial reporting controls could be improved.