Office of Federal Housing Enterprise Oversight, located in Washington, D.C., and established as an independent entity, offers a national housing finance plans. The organization reviews developments in the housing sector, activity in the primary and secondary mortgage markets and the financial performance of Fannie Mae and Freddie Mac. The secondary mortgage market operations of the company play a major role in creating a ready supply of mortgage funds for American homebuyers. It provides house price indices and calculators for state and census divisions and metropolitan statistical areas. Office of Federal Housing Enterprise Oversight also provides capital classifications, and utilizes the national average house pricing index for calculating risk-based capital and research and analysis work.