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Re: kthomp19 post# 791314

Monday, 04/08/2024 4:53:41 PM

Monday, April 08, 2024 4:53:41 PM

Post# of 793326
You say tomato, I say tomotto...

"History of the Federal Housing Finance Agency
The FHFA was established under the Federal Housing Finance Regulatory Reform Act, a sub-act of the Housing and Economic Recovery Act (HERA) signed into law on July 30, 2008. It was created to help strengthen the U.S. housing-finance system after the fallout from the subprime mortgage meltdown of 2007, which sparked a worldwide financial crisis and eventually the Great Recession.

The FHFA replaced two entities: the Office of Federal Housing Enterprise Oversight and the Federal Housing Finance Board, the original overseer of the FHLB system (it was created by the Federal Home Loan Bank Act of 1932). The FHFA took over the legal and regulatory authority of these agencies, which ceased existence one year after HERA was passed."
https://www.investopedia.com/terms/f/fhfa.asp