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.
| Name | Description | Status | Plan Alignment | Scope/Duration |
|---|---|---|---|---|
| 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. | Closed | October 26, 2017 – April 15, 2025 | |
| 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. | Closed | 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. | Active | Duty to Serve | April 4, 2022 - April 30, 2026 |
| Multifamily Positive Rent Payment | This 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® 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. | Closed | The Pilot began in Q4 2022 and concluded in Q2 2025 | |
| 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. | Closed | June 15, 2023 - April 30, 2025 | |
| Title Acceptance | Certain 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 |
