Search & Filter
-
OFHEO Issues Final Guidance on Conforming Loan Limit Calculations
Washington, DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has transmitted to the Federal Register a final Examination Guidance—Conforming Loan Limit Calculations. The final Guidance addresses the handling of decreases in the house price data used to set the conforming loan limit as...
-
FHFB Authorizes Temporary Increase on Purchase of Mortgage Back Securities
The Board of Directors of the Federal Housing Finance Board (Finance Board) today by notational vote passed a resolution authorizing the Federal Home Loan Banks to increase their purchases of agency mortgage back securities (MBS). The resolution is effective immediately. Pursuant to the resolution...
-
OFHEO, Fannie Mae and Freddie Mac Announce Initiative to Increase Mortgage Market Liquidity
Washington, D.C. - OFHEO, Fannie Mae and Freddie Mac today announced a major initiative to increase liquidity in support of the U.S. mortgage market. The initiative is expected to provide up to $200 billion of immediate liquidity to the mortgage-backed securities market. OFHEO estimates that Fannie...
-
Federal Housing Finance Board Approves Amendments to the Capital Structure Plan of the Federal Home Loan Bank of Seattle
The Board of Directors of the Federal Housing Finance Board (Finance Board) today approved a request by the Federal Home Loan Bank of Seattle (Bank) to amend its previously approved capital structure plan (Plan). The amendments effect two changes—increase the upper end of the existing range for the...
-
Federal Housing Finance Board Approves Affordable Housing Program Waiver
The Board of Directors of the Federal Housing Finance Board (Finance Board) passed a resolution permitting the Federal Home Loan Bank of San Francisco to develop a pilot program to use a portion of its Affordable Housing Program (AHP) homeownership set-aside allocation to assist low- and moderate...
-
OFHEO Releases New Mortgage Market Note About the Conforming Loan Limit and High-Cost Areas
Washington , DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has published a new Mortgage Market Note on the conforming loan limit. The Note provides background information on the potential implications of increasing the conforming loan limit in high-cost areas, as proposed in...
-
OFHEO Issues Policy Guidance on Fannie Mae and Freddie Mac Mortgage Fraud Programs
Washington, DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has issued a revised Policy Guidance on the Examination of Mortgage Fraud Programs of Fannie Mae and Freddie Mac. The guidance details the standards for overseeing and evaluating policies and programs the Enterprises have...
-
Federal Housing Finance Board Approves an Amendment to the Capital Structure Plan of the Federal Home Loan Bank of New York
The Board of Directors of the Federal Housing Finance Board (Finance Board) today approved a request by the Federal Home Loan Bank of New York (Bank) to amend its previously approved capital structure plan (Plan). The proposed amendments deal principally with how the Bank may recalculate the...
-
OFHEO Releases 2007 Performance and Accountability Report
Washington, DC – OFHEO Director James B. Lockhart today released the agency’s 2007 Performance and Accountability Report (PAR). The report details OFHEO’s operations and accomplishments as the safety and soundness regulator for Fannie Mae and Freddie Mac in the fiscal year ended September 30, 2007...
-
Consent Order Issued in Action Against Former Freddie Mac Chairman and CEO Leland C. Brendsel
Washington, DC – OFHEO Director James B. Lockhart today announced issuance of a Consent Order against former Freddie Mac Board Chairman and Chief Executive Officer (CEO) Leland C. Brendsel that settles OFHEO’s administrative enforcement action against him. “OFHEO’s responsibility to address the safe...