Office of Federal Housing Enterprise Oversight


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Office of Federal Housing Enterprise Oversight (OFHEO)

An independent entity (www.ofheo.gov) established in 1992 within HUD.It provides oversight for Fannie Mae and Freddie Mac and is funded through assessments against those two corporations.

References in periodicals archive ?
American Bankers Association, American Financial Services Association, Consumer Bankers Association, Consumer Mortgage Coalition, Housing Policy Council, The Financial Services Roundtable, Independent Community Bankers of America, Mortgage Bankers Association, and the Real Estate Services Providers Council letter to James Lockhart, Director of Office of Federal Housing Enterprise Oversight, April 30, 2008.
The Office of Federal Housing Enterprise Oversight and the Securities and Exchange Commission fined Fannie $400 million and Freddie $125 million.
The Housing Act abolishes the Federal Housing Finance Board and the Office of Federal Housing Enterprise Oversight (each, one year after the date of enactment) and establishes the Federal Housing Finance Agency as the single regulator of the Federal Home Loan Banks, Fannie Mae, and Freddie Mac.
The Office of Federal Housing Enterprise Oversight announced that it filed 101 charges against Raines, former chief financial officer Timothy Howard and former controller Leanne Spencer.
Furthermore, the rate of home price appreciation in most District states has been lagging the nation's since 2000, according to HUD's Office of Federal Housing Enterprise Oversight.
An investigation by the Office of Federal Housing Enterprise Oversight found that Fannie Mae systematically misapplied generally accepted accounting practices and manipulated earnings reports to maintain an aura of stability.
In an October congressional hearing, CEO Raines deflected allegations made by the Office of Federal Housing Enterprise Oversight (OFHEO) that his company engaged in accounting improprieties that hid earnings volatility, disregarded accounting standards, and in one case, secured $3 million in bonuses for Raines and his predecessor, James A.
Ironically, several months ago the Office of Federal Housing Enterprise Oversight published a comprehensive report on whether Fannie and Freddie pose a systemic risk to the U.
The members of the interagency task force are the Department of Housing and Urban Development, Department of Justice, Federal Deposit Insurance Corporation, Federal Housing Finance Board, Federal Reserve Board, Federal Trade Commission, National Credit Union Administration, Office of Federal Housing Enterprise Oversight, Office of the Comptroller of the Currency, and Office of Thrift Supervision.
a provider of valuation services to national lenders and government agencies, applauds Attorney General of New York Andrew Cuomo as well as Freddie Mac and Fannie Mae and the Office of Federal Housing Enterprise Oversight (OFHEO) on the recent agreement to bring the Home Valuation Protection Code to fruition starting Jan.
Separately, the company reiterated that it has committed to its regulator, the Office of Federal Housing Enterprise Oversight (OFHEO), to raise $5.
The Office of Federal Housing Enterprise Oversight (OFHEO), Fannie Mae and Freddie Mac announced in March a major initiative to increase liquidity in support of the U.

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