Replies to post #228165 on Fannie Mae-No Politics (FNMA)

[rocco2]

History FHFA


James Lockhart stated

For more than two years as Director of OFHEO ( Office of Federal Housing Enterprise Oversight )I have worked to help create FHFA so that this new GSE regulator has far greater authorities than its predecessors. As Director of FHFA, I commit that we will use these authorities to ensure that the housing GSEs provide stability and liquidity to the mortgage market, support affordable housing and operate safely and soundly.

FHFA director Lockhart transmitted a "notice of establishment," for publication in the Federal Register on September 4, 2008. The notice formally announced the agency's existence and authority to act.

Cut and Dry

$$ FNMA $$

[jeddiemack]

All for the issues with fhfa... shysters they may be...
but this "agency" was formed and put into place under the prior president. Which does not make me happy.

But. Need to set the recordd straight.