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About Us

Pilot Transparency

Pilot activities help to ensure that the expansion of affordable, sustainable, and healthy housing options for consumers follow a safe and sound structure.

What is a pilot?

Pilots involve limited scope testing of hypotheses to compare expected results to actual results and helps us make informed decisions regarding market rollout.

How are pilots developed?

We consider many factors when pilots are being developed including:

  • Business requirements
  • Legal and regulatory requirements
  • Success measures
  • Timelines
  • Appropriate market participants

Prior to launching a pilot, we:

  • Identify the problem we are trying to solve
  • Develop the pilot objectives and metrics to track performance

We monitor throughout the pilot lifecycle and determine whether to:

  • End the pilot
  • Continue the pilot to test additional variables
  • Deploy the innovation to the market

 

The pilot list will be refreshed on a biannual cadence at month-end April and October. If a new pilot launches between reporting cycles, it will be reflected below within 30 days after launch.

NameDescriptionStatusPlan AlignmentScope/Duration
Appraisal modernizationAssess new valuation processes that will improve efficiency, reduce consumer costs, and reduce potential appraisal bias while allowing us to effectively manage our collateral risk. This valuation process provides alternative options to conduct a property inspection that is leveraged by an appraiser who analyzes the inspection data and determines value.Closed October 26, 2017 – April 15, 2025
Resident-owned communitiesAdvances our Duty to Serve Underserved Markets Plan for the Manufactured Housing Market, specifically, Duty to Serve Regulatory Activity: Manufactured housing communities owned by a governmental entity, non-profit organization, or residents.ClosedDuty to ServeJanuary 7, 2019 - April 30, 2025
Expanded Housing ChoiceThis pilot aims to remove barriers to housing by incentivizing borrowers to accept housing choice vouchers.ActiveDuty to ServeApril 4, 2022 - April 30, 2026
Multifamily Positive Rent PaymentThis research pilot aims to increase on-time rent payment reporting at Multifamily properties to credit bureaus for inclusion in individual renter’s credit scores. Rent reporting is aligned with the Multifamily strategy to empower renters through (1) education, (2) access to stable, affordable housing, and (3) financial stability.Active September 27, 2022 - June 30, 2025
HomeReady® FirstFannie Mae's Special Purpose Credit Program (SPCP) pilot is designed to test our hypothesis that down payment and closing cost assistance, combined with free homebuyer education, can effectively and safely be used to improve access to mortgage finance and homeownership.Closed The Pilot began in Q4 2022 and concluded in Q2 2025
Homebuyer Readiness SnapshotAssess whether providing housing counselors with early information about how ready a consumer might be to apply for a conventional mortgage loan enables the counselors to provide "actionable" guidance to the consumer and improve the consumer's understanding of their readiness to apply for a conventional mortgage with a lender.Closed June 15, 2023 - April 30, 2025
Title AcceptanceCertain refinance transactions determined to have low title risk may be sold to Fannie Mae without the requirement of a lender’s title insurance policy or Attorney Opinion Letter (AOL), helping to reduce closing costs for borrowers.Active November 19, 2024 - May 31, 2026

Frequently Asked Questions

General Questions

In January 2022, the Federal Housing Finance Agency (FHFA) directed the GSEs to establish a framework for providing transparency into pilot programs.

The pilot list will be refreshed on a bi-annual cadence at month-end April and October.

Questions on Participating

Fannie Mae will focus our efforts and provide priority to those who are most aligned with helping Fannie Mae and the industry deliver on pilot-related business. We would hope to expand these opportunities to the market more broadly as use cases and pilot hypotheses are proven out.

Fannie Mae generally does not publicly discuss its business relationships with Seller/Servicers and/or TSPs.

Each of the active pilots are at different stages of their development. Seller/Servicers can contact their account team, and TSPs can contact their Fannie Mae Digital Alliances manager to learn more.