The Federal Housing Finance Agency (FHFA), which is the regulator and conservator of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), as well as regulator of 12 Federal Home Loan Banks, released its ‘2013 Performance and Accountability Report’ yesterday.
The report provides detailed information on the Agency’s performance on its goals, assistance to homeowners and plans for the future.
FHFA’s role as regulating Fannie Mae and Freddie Mac
The FHFA was established in 2008 and charged with the responsibility of overseeing all the housing GSEs, namely, Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA), Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), and the Federal Home Loan Bank System...
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