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In 2003, the Bush Administration sought to create a new agency, replacing the Office of Federal Housing Enterprise Oversight, to oversee Fannie Mae and Freddie Mac.In 1992, in the wake of the savings and loan crisis, and over concern that similar lending problems would develop, the Office of Federal Housing Enterprise Oversight was created as part of the Department of Housing and Urban ...
The Federal Housing Finance Agency initiated litigation against 18 financial institutions involving allegations of securities law violations and, in some instances, fraud in the sale of private-label securities (PLS) to Fannie Mae and Freddie Mac. Below is a list of the cases, with amounts of any settlements reached in 2013 and 2014. [22] [23] [24]
Melvin Luther Watt (born August 26, 1945) is an American politician who served as director of the Federal Housing Finance Agency from 2014 to 2019. He was appointed by President Barack Obama. He is a former United States Representative for North Carolina's 12th congressional district, from 1993 to 2014. He is a member of the Democratic Party.
Sandra L. Thompson is an American government official who served as the director of the Federal Housing Finance Agency (FHFA) from 2022 to 2025. Previously serving as acting director since June 23, 2021, Thompson was nominated by President Biden on December 17, 2021 and sworn in on June 22, 2022. [1]
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On February 9, 2017, Calabria was selected by Vice President Mike Pence to serve as his chief economist. [4]Before that, Calabria was the Director of Financial Regulation Studies at the Cato Institute; a member of the senior staff of the U.S. Senate Committee on Banking, Housing and Urban Affairs, where he handled issues related to housing, mortgage finance, economics, banking and insurance ...
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The federal government’s inspection system for public housing suffered a major technical failure that forced inspections to be canceled for two weeks, according to groups representing housing ...