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OFHEO Takes Enforcement Action Against Former Freddie Mac Executives
Washington, D.C. – The Office of Federal Housing Enterprise Oversight (OFHEO) has issued a Notice of Charges against former Freddie Mac Chairman Leland Brendsel and former Chief Financial Officer Vaughn Clarke. The Charges will result in an enforcement order requiring that they (1) be terminated...
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OFHEO Imposes Corrective Actions and $125 Million Penalty Report Details Accounting and Management Misconduct
Washington, D.C. – Armando Falcon, Jr., Director of the Office of Federal Housing Enterprise Oversight (OFHEO), has announced that Freddie Mac has agreed to implement corrective measures and pay a civil money penalty of $125-million dollars as part of a Consent Order with OFHEO. The actions come as...
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Former Freddie Mac President David Glenn Consents to OFHEO Order
Washington, D.C. – Armando Falcon, Jr., Director of the Office of Federal Housing Enterprise Oversight (OFHEO), announced today that OFHEO has entered into a consent order with David W. Glenn, former Vice Chairman, President and Chief Operating Officer of Freddie Mac. With this consent order...
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Federal Agencies Publish Consumer Brochure on Predatory Lending
Joint Release Board of Governors of the Federal Reserve System Department of Housing and Urban Development Department of Justice Federal Deposit Insurance Corporation Federal Housing Finance Board Federal Trade Commission National Credit Union Administration Office of the Comptroller of the...
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FHFB Adopts Proposed Rule on Registration Under Securities Exchange Act of 1934
PageContent The Federal Housing Finance Board today adopted a proposed rule to enhance the financial disclosures of the Federal Home Loan Banks through voluntary registration with the Securities and Exchange Commission under section 12(g) of the Securities Exchange Act of 1934. "My goal is ensure...
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FHFB Releases Joint Letter on SEC Disclosure Issue
The Federal Housing Finance Board today released the attached letter from Secretary of the Treasury John W. Snow, Secretary of Housing and Urban Development Mel Martinez, and Federal Housing Finance Board Chairman John T. Korsmo calling on Federal Home Loan Banks to register with the SEC under the...
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OFHEO Celebrates 10 Years, Updates www.ofheo.gov Featuring Interactive Home Price Calculator
Washington, D.C. – Armando Falcon, Jr., Director of the Office of Federal Housing Enterprise Oversight, today marked the 10-year anniversary of the agency, created to oversee the safety and soundness of Fannie Mae and Freddie Mac, by unveiling an updated website and logo. "OFHEO has achieved...
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OFHEO Issues Final Rule on the Securities and Financial Disclosure for Fannie Mae and Freddie Mac
(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...
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First Initial Classification of Fannie Mae and Freddie Mac Under Both Minimum and Risk-Based Capital Standards
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 determined that the Enterprises were adequately capitalized under OFHEO’s capital standards as of...
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OFHEO Issues Report “Mortgage Markets and the Enterprises in 2001”
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), today issued the annual research paper, “Mortgage Markets and the Enterprises in 2001.” “This report...