(revised to include text as printed in Federal Register)
Washington, D.C. – Armando Falcon, Jr., Director of the Office of Federal Housing Enterprise Oversight, safety and soundness regulator for Fannie Mae and Freddie Mac (the Enterprises), announced that OFHEO has finalized a regulation on securities and financial disclosure for the Enterprises.
The rule expresses the authority of OFHEO regarding disclosure of financial information and provides support for the voluntary registration of common stock by the Enterprises under the Securities Exchange Act of 1934. The rule supports OFHEO’s safety and soundness infrastructure for the Enterprises. Publication in the Federal Register is expected next week and the regulation will be effective April 30, 2003.
Stefanie Johnson (202) 649-3030