News Releases

​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...

​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...

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...

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...

​See original full release PDF below. ​Corinne Russell (202) 414-6921 Stefanie Mullin (202) 414-6376

Washington, D.C. – On behalf of the Office of Federal Housing Enterprise Oversight (OFHEO), Director James B. Lockhart accepted the Certificate of Excellence in Accountability Reporting (CEAR), the highest standard of federal fiscal accountability reporting. The CEAR is awarded by the Association of...

​Each year, the Federal Housing Finance Board (Finance Board) allocates the elective directorships of each Federal Home Loan Bank’s (Bank’s) board of directors among the states in that Bank’s district. Three principal factors determine the allocation of elective directorships. First, the...

WASHINGTON, DC - The Office of Federal Housing Enterprise Oversight (OFHEO) today issued an Examination Guidance regarding Statement of Financial Accounting Standards No. 159, The Fair Value Option for Financial Assets and Financial Liabilities. The guidance outlines standards for OFHEO examiners to...

Washington, DC – OFHEO Director James B. Lockhart today announced the issuance of three Consent Orders dealing with former Fannie Mae Board Chairman and Chief Executive Officer (CEO) Franklin D. Raines, former Chief Financial Officer (CFO) J. Timothy Howard and former Controller Leanne Spencer. The...

WASHINGTON, DC — James B. Lockhart, Director of the Office of Federal Housing Enterprise Oversight (OFHEO) today released OFHEO’s 2008 Report to Congress, detailing the agency’s annual examination conclusions and regulatory oversight of the government-sponsored enterprises (GSEs), Fannie Mae and...