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Preserving Affordable Housing CTA

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.

Learn more  Read disaster relief stories 

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.

See previous reports

2020 by the Numbers

 Affordable housing  Consumer education  Relief response  Supporting the market  Racial equity

347,376

Home-purchase mortgages to low-income borrowers*

93,909

Home-purchase mortgages to very low-income borrowers*

2,257,026

Mortgages to borrowers at no more than 120% of Area Median Income

659,088

First-time homebuyer mortgages, more than half of all Fannie Mae home-purchase mortgage acquisitions

441,773

Rental units affordable to low-income families*

95,416

Rental units affordable to very low-income families*

$7.8B

Multifamily affordable housing volume

Over 260K

Fannie Mae borrowers received homebuyer education

$5.3B

Multifamily loans in forbearance (unpaid balance)

783,820

Single-family loans that exited forbearance in 2020

1.3M

Single-family loans in forbearance

150M

People reached with our Here to Help campaign

Over 15K

Consumers who took advantage of counseling sessions

$76B

Financing provided to the multifamily market

$1.4T

In liquidity provided to the mortgage market

193%

Increase in the number of Future Housing Leaders interns from 2019

47%

Future Housing Leaders survey respondents who identify as a racial or ethnic minority

* Housing Goals qualifying mortgages.