News Releases

​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...

​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...

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...

​ 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...

​The Board of Directors of the Federal Housing Finance Board (Finance Board) today approved a request by the Federal Home Loan Bank of Seattle to amend its previously approved capital structure plan (Plan). The more significant amendments to the Plan would authorize the establishment of an interim...

​WASHINGTON, DC – James B. Lockhart III, Director of the Office of Federal Housing Enterprise Oversight (OFHEO), safety and soundness regulator for Fannie Mae and Freddie Mac today issued a research report, “Mortgage Markets and the Enterprises in 2005.” The report covers developments in the housing...

WASHINGTON, D.C. — James B. Lockhart, Acting Director of the Office of Federal Housing Enterprise Oversight (OFHEO) today submitted the OFHEO 2006 Report to Congress, detailing examination conclusions and regulatory oversight of the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac...

​Washington, DC – James B. Lockhart, Acting Director of the Office of Federal Housing Enterprise Oversight (OFHEO), today released its Report of the Special Examination of Fannie Mae. The report details an arrogant and unethical corporate culture where Fannie Mae employees manipulated accounting and...

​Washington, D.C. – James B. Lockhart, Acting Director of the Office of Federal Housing Enterprise Oversight (OFHEO), today announced that Fannie Mae has agreed to implement corrective measures and pay a collective penalty of $400 million dollars as part of settlements with OFHEO and the Securities...

Washington, D.C. – James B. Lockhart, Acting Director of the Office of Federal Housing Enterprise Oversight (OFHEO), today announced that Fannie Mae has agreed to implement corrective measures and pay a collective penalty of $400 million dollars as part of settlements with OFHEO and the Securities...