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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.

Name Description Status Plan Alignment Scope/Duration
Automated validation of income Assess how to provide income, employment, and asset validation through an asset report. The objective is to simplify the provision of the verification services on Single-Family loans and reduce costs. Closed   October 19, 2017 – March 6, 2024

Pilot ended when it was launched broadly.
Appraisal modernization Assess 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. Active Equitable Housing Finance October 26, 2017 – December 31, 2024
Shared equity program certification system Assess whether providing lenders with safe harbor for certain community land trust Selling Guide requirements will increase lender participation in the shared equity market and grow the volume of shared equity loans delivered to Fannie Mae. Closed Duty to Serve April 9, 2021 – December 13, 2023

Pilot ended when it was launched broadly.
Nonprofit acquisitions of REO in disaster areas Permit a nonprofit entity to be qualified as a Single-Family borrower with the objective of supporting FEMA-declared disaster areas to rebuild and preserve the availability of affordable rental housing. Active Duty to Serve November 18, 2021 – May 24, 2024
Magalia, CA and Paradise, CA
Resident-owned communities Advances 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. Active Duty to Serve January 7, 2019 - April 30, 2025
Expanded Housing Choice This pilot aims to remove barriers to housing by incentivizing borrowers to accept housing choice vouchers. The pilot will initially focus on two states that do not have source of income protections--Texas and North Carolina. Active Duty to Serve 24-month pilot period running through April 2024 in Texas and North Carolina
Accessory Dwelling Units (ADUs) Assess whether the expansion of financing options for Single-Family homes with ADUs increases affordable supply of housing options. Active Duty to Serve September 9, 2021 – December 31, 2024
Multifamily Positive Rent Payment This pilot aims to increase on-time rent 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 Equitable Housing Finance

Duty to Serve
September 27, 2022 - December 31, 2024
HomeReady® First Fannie 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. Active Equitable Housing Finance October 19, 2022 - October 31, 2024 subject to periodic evaluation and volume limitations
Homebuyer Readiness Snapshot Assess 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. Active   June 15, 2023 - December 31, 2024

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.