AHAR and AMR
Meeting the Challenges of 2020
In 2020, our nation felt the devastating impact of a global health pandemic. Seemingly overnight, homes became offices, schools, daycares, and more. As COVID-19 case numbers rose and businesses shut down, millions endured job losses, income reduction, illness, and other consequences of the pandemic. Unemployment rates reached record highs, and homeowners and renters struggled to make timely mortgage and rent payments. The pandemic brought into sharp focus the health, economic, and civil rights disparities exacerbated by systemic racism, creating a pivotal turning point in our country’s racial reckoning, reflection, and action. More than ever, people needed access to safe, decent, affordable housing.
As required by Fannie Mae’s Charter Act and implementing regulations, the company submits its Annual Housing Activities Report (“AHAR”) and Annual Mortgage Report (“AMR”).
The AHAR and AMR reflect housing activities undertaken by Fannie Mae and the company’s performance against our housing goals established by the Federal Housing Finance Agency (“FHFA”).
The AHAR and AMR include data tables that provide information about each goal and our performance under each goal and subgoal. Included in the tables are dollar volumes, number of mortgages and number of units related to owner occupied and rental properties financed by Fannie Mae’s mortgage purchases.
2020 by the Numbers
Affordable housing Consumer education Relief response Supporting the market Racial equity
Home-purchase mortgages to low-income borrowers*
Home-purchase mortgages to very low-income borrowers*
Mortgages to borrowers at no more than 120% of Area Median Income
First-time homebuyer mortgages, more than half of all Fannie Mae home-purchase mortgage acquisitions
Rental units affordable to low-income families*
Rental units affordable to very low-income families*
Multifamily affordable housing volume
Fannie Mae borrowers received homebuyer education
Multifamily loans in forbearance (unpaid balance)
Single-family loans that exited forbearance in 2020
Single-family loans in forbearance
People reached with our Here to Help campaign
Consumers who took advantage of counseling sessions
Financing provided to the multifamily market
In liquidity provided to the mortgage market
Increase in the number of Future Housing Leaders interns from 2019
Future Housing Leaders survey respondents who identify as a racial or ethnic minority
* Housing Goals qualifying mortgages.