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U.S. Senate Confirms OFHEO’s Director
Washington, D.C. – The U.S. Senate yesterday voted to confirm Armando Falcon, Jr. to a five-year term as the Director of the Office of Federal Housing Enterprise Oversight (OFHEO). Falcon will be only the second director since OFHEO’s creation. Falcon, age 39, served for eight years on the legal...
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OFHEO Releases 1999 Report to Congress
WASHINGTON – The Office of Federal Housing Enterprise Oversight (OFHEO) today released its 1999 Report to Congress. OFHEO, the financial safety and soundness regulator of Fannie Mae and Freddie Mac (the Enterprises) submitted its annual report to Congress outlining results of the first...
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Interagency Task Force Publishes Consumer Brochure about Shopping and Negotiating for the Best Mortgage
The federal Interagency Task Force on Fair Lending has published a brochure for consumers, "Looking for the Best Mortgage: Shop, Compare, Negotiate." The brochure notes that shopping around for a home loan or mortgage is similar to shopping for a car – consumers should obtain information on all...
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OFHEO RELEASES 1998 REPORT TO CONGRESS
WASHINGTON D.C.—The Office of Federal Housing Enterprise Oversight (OFHEO) today released its 1998 Report to Congress. OFHEO, the financial safety and soundness regulator of Fannie Mae and Freddie Mac (the Enterprises) submitted its annual report to Congress outlining results of examinations of...
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Federal Regulator Responds to Congressional Concerns on Year 2000 Compliance Issue
Washington, D.C. – The Office of Federal Housing Enterprise Oversight (OFHEO) outlined in a letter to key Congressional Committee members specific steps the agency is taking to ensure Year 2000 compliance by Fannie Mae and Freddie Mac. Mark Kinsey, Acting Director emphasized, “OFHEO’s Year 2000...
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OFHEO Releases 1997 Annual Report to Congress
WASHINGTON — The Office of Federal Housing Enterprise Oversight (OFHEO) today released its 1997 Annual Report to Congress. The report includes the results of OFHEO's examinations of Fannie Mae and Freddie Mac. In addition to the examination results, OFHEO's 1997 Annual Report discusses OFHEO's...
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Mark Kinsey New Acting Director of OFHEO
WASHINGTON — Mark Kinsey is the new Acting Director of the Office of Federal Housing Enterprise Oversight (OFHEO). He takes over from Aida Alvarez, OFHEO Director for the past four years, who was sworn in Tuesday (Feb. 18, 1997) as Administrator of the U.S. Small Business Adm inistration. Mr. Kinsey...