News Releases

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...

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...

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...

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...