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OFHEO Reaches Agreements with Fannie Mae, Freddie Mac on Subordinate Debt, Disclosures
Washington, D.C. – The Office of Federal Housing Enterprise Oversight (OFHEO), safety and soundness regulator for Fannie Mae and Freddie Mac today announced formal agreements with the companies, replacing voluntary commitments made by the companies in October 2000. "These agreements represent an...
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OFHEO Issues “Mortgage Markets and the Enterprises in 2004”
Washington, D.C. – Steve Blumenthal, Acting 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 2004.” The research report covers...
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OFHEO Finalizes Regulation on Mortgage Fraud
Washington, D.C. – The Office of Federal Housing Enterprise Oversight (OFHEO) has finalized for publication in the Federal Registera regulation requiring Fannie Mae and Freddie Mac (the “Enterprises”) to report mortgage fraud or possible mortgage fraud in a timely fashion. The regulation, effective...
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OFHEO Issues “Single-Family Mortgages Originated and Outstanding: 1990 – 2004”
Washington, D.C. – The Office of Federal Housing Enterprise Oversight (OFHEO) has issued a research report, “Single-Family Mortgages Originated and Outstanding: 1990 – 2004”. The report presents statistics for conventional and government-guaranteed or insured single-family mortgages originated...
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Finance Board Updates Federal Home Loan Bank Progress Roward SEC Registration
By regulation adopted a year ago, the Federal Housing Finance Board (“Finance Board”) required, as a milestone toward full registration, that each Federal Home Loan Bank (“Bank”) file an initial registration statement with the Securities and Exchange Commission (“SEC”) by June 30, 2005. Nine Banks...
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OFHEO Releases 2005 Annual Report to Congress
Washington, D.C. – Stephen Blumenthal, Acting Director of the Office of Federal Housing Enterprise Oversight (OFHEO) today submitted the OFHEO 2005 Report to Congress, detailing examination conclusions and regulatory oversight of the government-sponsored enterprises (GSEs), Fannie Mae and Freddie...
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Fannie Mae Classified as Undercapitalized for 4Q 2004 and Adequately Capitalized for 1Q 2005
Washington, D.C. – Armando Falcon, Jr., Director of the Office of Federal Housing Enterprise Oversight (OFHEO), safety and soundness regulator for Fannie Mae and Freddie Mac (the Enterprises), has classified Fannie Mae as significantly undercapitalized as of December 31, 2004 and adequately...
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OFHEO Announces Final Enhanced Corporate Governance Regulation
Washington, D.C. – The Office of Federal Housing Enterprise Oversight (OFHEO) has sent to the Federal Register a final corporate governance rule that amends and strengthens the existing regulation and reduces the potential for future corporate misconduct at Fannie Mae and Freddie Mac. The...
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OFHEO Announces Supplemental Fannie Mae Agreement
Washington, D.C. – Armando Falcon, Jr., Director of the Office of Federal Housing Enterprise Oversight (OFHEO), has announced a second agreement with the Board of Directors of Fannie Mae to address deficiencies in internal controls, corporate governance and accounting systems. “While the special...
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OFHEO Classifies Fannie Mae as Significantly Undercapitalized for Third Quarter 2004
Washington, D.C. – Armando Falcon, Jr., Director of the Office of Federal Housing Enterprise Oversight (OFHEO), safety and soundness regulator for Fannie Mae and Freddie Mac (the Enterprises), has classified Fannie Mae as significantly undercapitalized under OFHEO’s capital standards as of September...