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OFHEO.gov is an official U.S. government Web site
Page Last Updated: 2/12/2008
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OFHEO Overview
The Office of Federal Housing Enterprise Oversight (OFHEO) was established as an independent entity within the Department of Housing and Urban Development by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4501 et seq.). The Office is headed by a Director appointed by the President for a five-year term. James B. Lockhart III was nominated by President George W. Bush to become the Director of OFHEO, and was confirmed by the U.S. Senate on June 15, 2006. OFHEO's mission is to promote housing and a strong national housing finance system by ensuring the safety and soundness of Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation). OFHEO works to ensure the capital adequacy and financial safety and soundness of two housing government-sponsored enterprises (GSEs) -- Fannie Mae and Freddie Mac. OFHEO is funded through assessments of Fannie Mae and Freddie Mac. OFHEO's operations represent no direct cost to the taxpayer.
See the items listed at left under "In This Section" for more information on OFHEO's mission, OFHEO's organizational structure, OFHEO's Director, Fannie Mae & Freddie Mac, how to contact OFHEO, Agency Plans & Reports, employee information, and Freedom of Information Act.
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