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FHFA Releases 2009 Budget
Washington, D.C. – Director James B. Lockhart today announced a Fiscal Year (FY) 2009 budget of $120.8 million for the new Federal Housing Finance Agency (FHFA), created in the Housing and Economic Recovery Act of 2008 passed in July. The FY 2009 budget reflects the costs of regulating Fannie Mae...
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FHFA Announces Suspension of Capital Classifications During Conservatorship
PageContent Washington, D.C. – James B. Lockhart III, Director of the Federal Housing Finance Agency (FHFA), the safety and soundness regulator for Fannie Mae and Freddie Mac and the Federal Home Loan Banks, placed Fannie Mae and Freddie Mac into conservatorship on September 7, 2008. The capital...
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FHFA Approves Interim Affordable Housing Rule to Preserve Homeownership
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today sent to the Federal Register an interim final rule amending its Affordable Housing Program (AHP) regulation. The changes to the AHP regulation will help preserve homeownership for low- and moderate-income families by allowing the use...
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FHFA Releases New Mortgage Metrics Report
Washington, D.C. – The Federal Housing Finance Agency (FHFA) released its first Mortgage Metrics Report today. The report presents key performance data on 30.4 million first lien residential mortgages with outstanding balances totaling $4.4 trillion serviced on behalf of Fannie Mae and Freddie Mac...
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FHFA Announces Appointments of John Koskinen and Philip Laskawy as Chairmen of the Boards of Freddie Mac and Fannie Mae
PageContent Washington, D.C. – FHFA Director James B. Lockhart today announced the appointments of new non-executive chairmen of the Boards of Directors of Fannie Mae and Freddie Mac. John A. Koskinen has agreed to serve as the non-executive chairman of Freddie Mac. Philip A. Laskawy will serve as...
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FHFA "Notice of Establishment" Sent to the Federal Register
PageContent Washington, D.C. – The Federal Housing Finance Agency (FHFA) has transmitted to the Federal Register a Notice of "Establishment of a New Independent Agency." This provides formal public notice of the existence of the Agency, its purpose and the chapter of the Code of Federal Regulations...
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FHFB Adopts an Amendment to the Consent Order to Cease and Desist
The Board of Directors of the Federal Housing Finance Board (Finance Board) adopted an amendment on July 23, 2008 to the consent order to cease and desist (consent order) against the Federal Home Loan Bank of Chicago (Chicago Bank), which was originally issued on October 10, 2007. The amendment...
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OFHEO Releases “Mortgage Markets and the Enterprises in 2007”
WASHINGTON, DC — James B. Lockhart, Director of the Office of Federal Housing Enterprise Oversight (OFHEO) today released “Mortgage Markets and the Enterprises in 2007,” an annual research paper that reviews developments in the primary and secondary mortgage markets and the financial performance of...
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Federal Housing Finance Board Approves an Amendment to the Capital Structure Plan of the Federal Home Loan Bank of Dallas
The Board of Directors of the Federal Housing Finance Board (Finance Board) today approved a request by the Federal Home Loan Bank of Dallas (Bank) to amend its previously approved capital structure plan (Plan). The Bank is amending its Plan to enable it to repurchase stock held to satisfy a member...
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OFHEO Announces Final Rule for Loss Severity Calculations Under Risk-Based Capital Regulation
WASHINGTON, DC — OFHEO Director James B. Lockhart announced that OFHEO has sent to the Federal Register a final rule for loss severity calculations under OFHEO’s Risk-Based Capital (RBC) Regulation. The final rule corrects certain deficiencies in the formulas used to calculate risk-based capital...