Federal Housing Finance Agency

One award is not the housing-finance system

FHFA supervises Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. None of those enterprises’ books are in this packet. $1,067,107.72 is what the Agency obligated on USAspending awards through FY2026—and the extract counts that as 1 award. The mean is therefore the total: $1,067,107.72 per award because the denominator is one.

Enterprise conservatorship, capital rules, and mortgage-backed security volumes are FHFA and GSE statistics. They are not this single USAspending row. Treating $1.1 million as “U.S. housing-finance spending” would confuse a regulator’s tiny award footprint with the mortgage market.

Why a financial regulator can show almost no awards

Examiner and economist salaries generally never appear as USAspending awards. Many FHFA operating costs can be paid outside the award warehouse. The $1,067,107.72 is complete as an awarding-agency total for CGAC 9566 in this extract; it is incomplete as FHFA’s operating budget.

HUD, USDA rural housing, and VA housing programs use other CGACs. Their dollars are not inside this 1 award. Mixing those books with $1,067,107.72 would invent a combined housing agency.

Questions

How much has FHFA obligated on USAspending?

The Federal Housing Finance Agency shows $1,067,107.72 in obligations through FY2026 across 1 award. Awarding-agency CGAC 9566 is the filter. The total is not Fannie Mae or Freddie Mac volume and not HUD housing programs. USAspending.gov records this as awarding-agency obligations through FY2026, not cash outlays. The live table for CGAC 9566 is the source for the current 1-award book.

Why does FHFA have only 1 USAspending award?

The extract counts 1 instrument for CGAC 9566, totaling $1,067,107.72. Many regulator costs never appear as awards. A one-row book can change sharply if that instrument is modified or if another award is added. That figure uses only the packet totals. The extract has no median and no contract-versus-assistance split. FY2026 is the warehouse cutoff, not a single-year appropriation.

What is agency code 9566?

9566 is the USAspending awarding-agency CGAC identifier for the Federal Housing Finance Agency. SpendingVault uses it in /agencies/9566/. HUD and the GSEs are not this CGAC. SpendingVault URLs under the agency path filter to that CGAC identifier. It is an accounting tag, not a quality score. Totals on this page are obligations through FY2026.

Is $1.1 million FHFA’s budget?

No. It is the USAspending awarding-agency obligation stock through FY2026. Staff pay and other non-award costs generally never appear. Outlays on the 1 award are unpublished in the packet. Outlays are unpublished in this packet, so this page does not estimate cash already paid. Refresh the agency page after USAspending updates rather than treating the current stock as frozen.