News Releases

​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...

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...

​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...

​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...