One of the great things about an HOA is that it is a community. However, because of that, everyone must play their part. So what happens when someone fails to do their part and even fhfaabandons their home? HOAs came up with a solution to recoup that lost money quickly. However, it seems the Federal Housing Finance Agency (FHFA), which regulates the second mortgage market and oversees Fannie Mae, Freddie Mac and the Federal Home Loan Banks, does not agree.