Search & Filter
-
Federal Housing Finance Board and Federal Home Loan Bank of Chicago Enter into Consent Order to Cease and Desist
The Board of Directors of the Federal Housing Finance Board (Finance Board) and the Federal Home Loan Bank of Chicago (Chicago Bank) today entered into a Consent Order to Cease and Desist (Order). The Order imposes restrictions on the Bank’s repurchases and redemptions of its capital stock and its...
-
Consent Order Issued In Action Against Former Freddie Mac Chief Financial Officer
Washington, DC – OFHEO Director James B. Lockhart today announced issuance of a Consent Order against former Freddie Mac Executive Vice President and Chief Financial Officer (CFO) Vaughn A. Clarke. Mr. Clarke consented to the Order in settlement of an OFHEO administrative notice of charges filed...
-
OFHEO Releases “Mortgage Markets and the Enterprises in 2006”
WASHINGTON, DC — James B. Lockhart, Director of the Office of Federal Housing Enterprise Oversight (OFHEO) today released “Mortgage Markets and the Enterprises in 2006,” an annual research paper that reviews developments in the primary and secondary mortgage markets and the financial performance of...
-
Federal Housing Finance Board Approves the Allocation of Elective Directorships
Each year, the Finance Board allocates the elective directorships at each Bank among the states in that Bank’s district. The directorships are allocated initially on the amount of Bank stock owned by the members in each state. However, under a "grandfather provision," which requires each state to...
-
FHB Approves Waivers Dealing with the Combines Financial reports of the Federal Home Loan Banks
The Board of Directors of the Federal Housing Finance Board (Finance Board) today passed a resolution waiving some requirements dealing with the Federal Home Loan Banks’ combined financial reports for prior periods. By regulation, the Federal Home Loan Banks’ Office of Finance (OF) must prepare and...
-
OFHEO Releases Annual Report to Congress
WASHINGTON, DC — James B. Lockhart, Director of the Office of Federal Housing Enterprise Oversight (OFHEO) today released OFHEO’s 2007 Report to Congress, detailing the agency’s annual examination conclusions and regulatory oversight of government-sponsored enterprises (GSEs), Fannie Mae and...
-
OFHEO Concurs with Fannie Mae Board Remedial Actions Regarding Former and Current Employees
Washington, DC – OFHEO concurs with the decision of Fannie Mae’s Board to withhold all the remaining Performance Share Plan (PSP) bonuses for 46 former and present senior executives for the years 2001-2003 and 2002-2004. Approximately $44 million was withheld. The Board concluded that the then...
-
OFHEO Adopts Supervision Handbook
Washington, DC – The Office of Federal Housing Enterprise Oversight, regulator of Fannie Mae and Freddie Mac, today released the agency’s Supervision Handbook. The handbook outlines OFHEO’s supervisory program to examine the Enterprises to fulfill OFHEO’s mission of ensuring the overall safety and...
-
OFHEO Files Notice of Charges Against Former Fannie Mae Executive Franklin Rains, Timothy Howard and Leanne Spencer
Washington, D.C. – The Office of Federal Housing Enterprise Oversight (OFHEO) has filed a Notice of Charges against three former Fannie Mae executives, former Chairman and CEO Franklin D. Raines, former Vice Chairman and Chief Financial Officer J. Timothy Howard, and former Senior Vice President and...
-
OFHEO Issues Final Regulation on GSE Record Retention
Washington, D .C. – The Office of Federal Housing Enterprise Oversight (OFHEO) today sent a final Record Retention regulation to the Federal Register for publication. The regulation requires Fannie Mae and Freddie Mac to establish and maintain a record retention program to ensure that complete and...