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 released OFHEO’s Annual Report to Congress.
“I am pleased to report that OFHEO has found both Fannie Mae and Freddie Mac to be well-capitalized and operating in a safe and sound manner,” said Falcon.
HIGHLIGHTS OF THE REPORT INCLUDE:
Results and conclusions of OFHEO’s annual examinations of Fannie Mae (p. 22) and Freddie Mac for 2001(p. 43).
- An overview of the stress test and capital classifications of the Enterprises.
- Detailed, new information on OFHEO’s examination program including information on the Enterprises’ derivatives use, corporate governance and audit practices.
- An independent, unqualified audit opinion of OFHEO for the third consecutive year.
- Detailed charts on the Enterprises’ portfolios.
Stefanie Mullin 202.414.6921