The Federal Housing Finance Agency published its fiscal year 2025 Performance and Accountability Report, reporting a clean audit result from the U.S. Government Accountability Office (GAO) on the agency’s financial statements. The report notes that GAO issued an unmodified audit opinion with no findings of material weaknesses or unacceptable risks, described as the best audit outcome, and marks the seventeenth consecutive year the agency has received an unmodified opinion. GAO’s independent audit is conducted in accordance with the Housing and Economic Recovery Act of 2008, and the report also documents the agency’s work related to the safety and soundness and housing affordability mission of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.