Federal Housing Finance Agency#Leadership
{{Short description|U.S. federal agency}}
{{Infobox government agency
| agency_name = Federal Housing Finance Agency
| type = agency
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| formed = {{Start date|2008|07|30}}[http://www.gpo.gov/fdsys/pkg/PLAW-110publ289/pdf/PLAW-110publ289.pdf Housing and Economic Recovery Act of 2008] {{Webarchive|url=https://web.archive.org/web/20131019113737/http://www.gpo.gov/fdsys/pkg/PLAW-110publ289/pdf/PLAW-110publ289.pdf |date=2013-10-19 }} (PDF)
| preceding1 = Federal Housing Finance Board
| preceding2 = Office of Federal Housing Enterprise Oversight
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| employees = ~731 (2019)
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| chief1_name = Bill Pulte{{cite web|url=https://www.fhfa.gov/news/news-release/william-j.-pulte-sworn-in-as-5th-director-of-u.s.-federal-housing-fhfa|title=William J. Pulte Sworn In as 5th Director of U.S. Federal Housing (FHFA)|website=Federal Housing Finance Agency|date=March 14, 2025|access-date=March 15, 2025|archive-date=March 15, 2025|archive-url=https://web.archive.org/web/20250315044139/https://www.fhfa.gov/news/news-release/william-j.-pulte-sworn-in-as-5th-director-of-u.s.-federal-housing-fhfa|url-status=live}}
| chief1_position = Director
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| website = {{URL|https://www.fhfa.gov/|fhfa.gov}}
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The Federal Housing Finance Agency (FHFA) is an independent federal agency in the United States created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U.S. Department of Housing and Urban Development government-sponsored enterprise mission team,FHFA. [http://www.fhfa.gov/Default.aspx?Page=4 About FHFA] {{Webarchive|url=https://web.archive.org/web/20100611195553/http://www.fhfa.gov/Default.aspx?Page=4 |date=2010-06-11 }}. absorbing the powers and regulatory authority of both entities, with expanded legal and regulatory authority, including the ability to place government-sponsored enterprises (GSEs) into receivership or conservatorship.
{{USBill|110|HR|3221|pipe=Housing and Economic Recovery Act of 2008}}
{{cite web |title=10-Q, August 6, 2008 |url=http://ir.10kwizard.com/files.php?source=1372&welc_next=1&XCOMP=0&fg=23 |publisher=Freddie Mac |date=2008-08-06 |quote=The Regulatory Reform Act replaces the conservatorship provisions previously applicable to the enterprise with conservatorship and receivership provisions based generally on federal banking law. The Regulatory Reform Act expands the grounds for which an enterprise may be placed into conservatorship, establishes the grounds for which an enterprise may be placed into receivership, and provides for appointment of FHFA as conservator or receiver. |access-date=September 7, 2008 |archive-url=https://archive.today/20130116004851/http://ir.10kwizard.com/files.php?source=1372&welc_next=1&XCOMP=0&fg=23 |archive-date=January 16, 2013 |url-status=dead }}{{cite news|title=Fact Sheet: Questions and Answers on Conservatorship |date=2008-09-07 |publisher=Federal Housing Finance Agency |url=http://www.ofheo.gov/media/PDF/FHFACONSERVQA.pdf |access-date=2008-09-07 |url-status=dead |archive-url=https://web.archive.org/web/20080909183946/http://www.ofheo.gov/media/PDF/FHFACONSERVQA.pdf |archive-date=September 9, 2008 }}
In its role as regulator, it regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks (FHLBanks, or FHLBank System). It is wholly separate from the Federal Housing Administration, which largely provides mortgage insurance.
In September 2019, the Fifth Circuit Court of Appeals, in an en banc opinion, ruled that the structure of the FHFA violated constitutional separation of powers because its director could not be removed by the president.{{Cite web|url=http://www.ca5.uscourts.gov/opinions/pub/17/17-20364-CV2.pdf|title=No. 17-20364|access-date=2020-04-20|archive-date=2020-07-19|archive-url=https://web.archive.org/web/20200719133042/http://www.ca5.uscourts.gov/opinions/pub/17/17-20364-CV2.pdf|url-status=live}} The U.S. Supreme Court affirmed that part of the holding.{{cite web |title=Supreme Court finds FHFA structure unconstitutional |url=https://www.housingwire.com/articles/supreme-court-finds-fhfa-structure-unconstitutional/ |website=Housing Wire |date=23 June 2021 |publisher=HW Media, LLC |access-date=June 23, 2021 |archive-date=23 June 2021 |archive-url=https://web.archive.org/web/20210623152507/https://www.housingwire.com/articles/supreme-court-finds-fhfa-structure-unconstitutional/ |url-status=live }}
History
The law establishing the FHFA is the Federal Housing Finance Regulatory Reform Act of 2008, which is Division A of the larger Housing and Economic Recovery Act of 2008, Public Law 110-289, signed on July 30, 2008 by President George W. Bush. One year after the law was signed, the OFHEO and the FHFB went out of existence. All existing regulations, orders and decisions of OFHEO and the Finance Board remain in effect until modified or superseded.HR 3221, signed into law as Public Law 110-289: A bill to provide needed housing reform and for other purposes.
Access to Legislative History: Library of Congress: [http://thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.03221: A bill to provide needed housing reform and for other purposes.] {{Webarchive|url=https://web.archive.org/web/20080918041801/http://thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.03221: |date=2008-09-18 }}
White House pre-signing statement: [https://georgewbush-whitehouse.archives.gov/omb/legislative/sap/110-2/saphr3221-h.pdf Statement of Administration Policy: H.R. 3221 – Housing and Economic Recovery Act of 2008] {{webarchive|url=https://web.archive.org/web/20201130114333/https://georgewbush-whitehouse.archives.gov/omb/legislative/sap/110-2/saphr3221-h.pdf |date=2020-11-30 }} (July 23, 2008). Executive office of the President, Office of Management and Budget, Washington DC.
On the day of the law's signing, former Director James Lockhart stated:{{cite news|first=James B. |last=Lockhart |title=Statement of Director James B. Lockhart on the Creation of FHFA |date=2008-07-30 |url=http://www.ofheo.gov/media/gsesign.pdf |work=(Press Release) |publisher=Federal Housing Finance Agency |access-date=2008-09-12 |url-status=dead |archive-url=https://web.archive.org/web/20080916075021/http://www.ofheo.gov/media/gsesign.pdf |archive-date=September 16, 2008 }}
For more than two years as Director of OFHEO 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.[http://www.ofheo.gov/media/news%20releases/FHFARegisterNotice9408.pdf FHFA "Notice of establishment sent to the Fdderal Register] {{Webarchive|url=https://web.archive.org/web/20080909184025/http://www.ofheo.gov/media/news%20releases/FHFARegisterNotice9408.pdf |date=2008-09-09 }}. (Press Release) (September 4. 2008) Federal Housing Finance Agency. (Summarizing the Federal Register transmittal.)[http://www.ofheo.gov/media/news%20releases/FHFARegisterNotice9408.pdf Establishment of a new independent agency] {{Webarchive|url=https://web.archive.org/web/20080909184025/http://www.ofheo.gov/media/news%20releases/FHFARegisterNotice9408.pdf |date=2008-09-09 }} Federal Housing Finance Agency. (August 30, 2008). (Signed by James B. Lockhart III, Director, FHFA) -- The notice as transmitted to the Federal Register.
= Conservatorships =
{{main|Federal takeover of Fannie Mae and Freddie Mac}}
On September 7, 2008, FHFA director Lockhart announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA. The action was "one of the most sweeping government interventions in private financial markets in decades".
U.S. Treasury Secretary Henry M. Paulson, appearing at the same press conference, stated that placing the two GSEs into conservatorship was a decision he fully supported, and said that he advised "that conservatorship was the only form in which I would commit taxpayer money to the GSEs." He further said that "I attribute the need for today's action primarily to the inherent conflict and flawed business model embedded in the GSE structure, and to the ongoing housing correction."
In the announcement, Lockhart indicated the following items in the plan of action for the conservatorship:
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- On September 8, 2008, the first day of the conservatorship, business will be conducted normally, with stronger backing for the holders of Mortgage Backed Securities (MBS), senior debt and subordinated debt.
- The Enterprises will be allowed to grow their guarantee MBS books without limits and continue to purchase replacement securities for their portfolios, about $20 billion per month, without capital constraints.
- As the conservator, the FHFA will assume the power of the Board and management.
- The present CEOs have been dismissed, but will stay on to help with the transition.
- Appointed as CEOs are Herb Allison, for Fannie Mae and David M. Moffett for Freddie Mac. Allison is former Vice Chairman of Merrill Lynch and for the last eight years chairman of TIAA-CREF. Moffett is the former Vice Chairman and CFO of US Bancorp. Their compensation will be significantly lower than the outgoing CEOs. They will be joined by equally strong non-executive chairmen.
- Other management action will be very limited. The new CEOs agreed it is important to work with the current management teams and employees to encourage them to stay and to continue to make important improvements to the Enterprises.
- To conserve over $2 billion annually in capital the common stock and preferred stock dividends will be eliminated, but the common and all preferred stocks will continue to remain outstanding. Subordinated debt interest and principal payments will continue to be made.
- All political activities, including all lobbying, will be halted immediately. Charitable activities will be reviewed.
- There will be financing and investing relationship with the U.S. Treasury via three different financing facilities, to provide critically needed support to Freddie Mac and Fannie Mae and the liquidity of the mortgage market. One of the three facilities is a secured liquidity facility which will be not only for Fannie Mae and Freddie Mac, and also for the 12 Federal Home Loan Banks that FHFA also regulates.
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= Suits against financial institutions =
The FHFA in 2011 filed suit first against UBS then against 17 other financial institutions accusing them of misrepresenting about $200 billion in mortgage-backed securities sold to Fannie Mae and Freddie Mac. The suits, some of which name individual defendants, allege a variety of violations of federal securities law and common law and paint "a damning portrait of the excesses of the housing bubble." The suits seek a variety of damages and civil penalties. UBS Agrees to Pay $1.435 Billion to Resolve Claims That It Made Misrepresentations in the Sale of Residential Mortgage-Backed Securities{{Cite web |date=2023-08-14 |title=Eastern District of New York {{!}} UBS Agrees to Pay $1.435 Billion to Resolve Claims That It Made Misrepresentations in the Sale of Residential Mortgage-Backed Securities {{!}} United States Department of Justice |url=https://www.justice.gov/usao-edny/pr/ubs-agrees-pay-1435-billion-resolve-claims-it-made-misrepresentations-sale-residential |access-date=2024-09-21 |website=www.justice.gov |language=en}}
FHFA settlements for fraudulent sales by PLS to Fannie Mae and Freddie Mac
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.FHFA [http://www.fhfa.gov/Media/PublicAffairs/Pages/FHFAs-Update-on-Private-Label-Securities-Actions.aspx] {{Webarchive|url=https://web.archive.org/web/20150322234405/http://www.fhfa.gov/Media/PublicAffairs/Pages/FHFAs-Update-on-Private-Label-Securities-Actions.aspx|date=2015-03-22}} Press release{{Cite news |url=https://www.reuters.com/article/fhfa-lawsuits-sampling-idUSL1E8N408C20121204 |title=FHFA lawsuits |newspaper=Reuters|date=4 December 2012 |access-date=2021-07-05 |archive-date=2022-04-08 |archive-url=https://web.archive.org/web/20220408144424/https://www.reuters.com/article/fhfa-lawsuits-sampling-idUSL1E8N408C20121204 |url-status=live }}
Non-Litigation PLS Settlements
Wells Fargo Bank, N.A. $335.23 millionWells Fargo settlement [https://www.wsj.com/articles/SB10001424052702304448204579181732009850594] {{Webarchive|url=https://web.archive.org/web/20160124170228/http://www.wsj.com/articles/SB10001424052702304448204579181732009850594|date=2016-01-24}} Wall street journal
Leadership
Upon Lockhart's departure, Edward DeMarco was appointed Acting Director of FHFA on August 25, 2009.{{cite web| title= FHFA's DeMarco to be Replaced Early Next Year: WSJ| url= http://www.mortgagenewsdaily.com/12102012_gse_conservatorship.asp| publisher= Mortgage Mews Daily| date= December 10, 2012| access-date= December 18, 2013| archive-date= December 19, 2013| archive-url= https://web.archive.org/web/20131219011258/http://www.mortgagenewsdaily.com/12102012_gse_conservatorship.asp| url-status= live}}
On May 1, 2013, President Barack Obama nominated Mel Watt as the next FHFA head.{{cite web | url =https://www.bloomberg.com/news/2013-05-01/obama-said-to-choose-watt-to-lead-fannie-mae-regulator.html | title =Obama Said to Choose Watt to Lead Fannie Mae Regulator | author =Hopkins, Cheyenne | author2 =Benson, Clea | publisher =Bloomberg | date =May 1, 2013 | access-date =2017-03-07 | archive-date =2017-03-12 | archive-url =https://web.archive.org/web/20170312033913/https://www.bloomberg.com/news/2013-05-01/obama-said-to-choose-watt-to-lead-fannie-mae-regulator.html/ | url-status =live }}{{cite web | url =http://www.latimes.com/business/money/la-fi-mo-fhfa-mel-watt-demarco-fannie-freddie-20130501,0,7434016.story | title =Obama to nominate Democratic Rep. Mel Watt to head housing agency | author =Puzzanghera, Jim | work =Los Angeles Times | date =May 1, 2013 | access-date =December 18, 2013 | archive-date =November 6, 2013 | archive-url =https://web.archive.org/web/20131106051356/http://www.latimes.com/business/money/la-fi-mo-fhfa-mel-watt-demarco-fannie-freddie-20130501,0,7434016.story | url-status =live }} After Democrats eliminated rules allowing filibusters on executive branch nominations, the U.S. Senate confirmed Watt on December 10, 2013.{{cite web| url= http://www.latimes.com/business/money/la-fi-mo-mel-watt-fhfa-fannie-mae-freddie-mac-20131210,0,1179292.story| title= Senate confirms Rep. Mel Watt as Fannie Mae, Freddie Mac regulator| date= December 10, 2013| work=Los Angeles Times| access-date= December 18, 2013| archive-date= December 18, 2013| archive-url= https://web.archive.org/web/20131218064623/http://www.latimes.com/business/money/la-fi-mo-mel-watt-fhfa-fannie-mae-freddie-mac-20131210,0,1179292.story| url-status= live}}
On December 21, 2018, President Donald Trump designated Comptroller of the currency Joseph Otting to be Acting Director of FHFA upon completion of Director Watt's term, effective January 7, 2019.[https://www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-140.html President Trump Names Joseph M. Otting Acting Director of the Federal Housing Finance Agency] {{Webarchive|url=https://web.archive.org/web/20181228223306/https://www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-140.html |date=2018-12-28 }}. NR 2017-140. December 21, 2018
In April 2019, Mark A. Calabria was confirmed to a five year term as director.{{Cite news |last=O'Donnell |first=Katy |date=April 4, 2019 |url=https://politi.co/2uMdqW9 |title=Senate confirms Calabria to lead housing finance overhaul |publisher=Politico|access-date=2019-04-05 |archive-date=2022-08-31 |archive-url=https://web.archive.org/web/20220831002109/https://www.politico.com/story/2019/04/04/senate-confirms-calabria-starting-clock-on-housing-finance-overhaul-1322955 |url-status=live }} At the time of his confirmation, the chair of the Senate Banking Committee said that Calabria had committed to working with the Senate toward ending the conservatorship over Fannie Mae and Freddie Mac.
In the Supreme Court case Collins v. Yellen, the Supreme Court ruled that, as they had in Seila Law LLC v. Consumer Financial Protection Bureau for the Consumer Financial Protection Bureau, that the inability for the President to terminate the FHFA director beyond "for cause" was unconstitutional, but otherwise left the agency's power as is.{{cite web | url = https://www.cnbc.com/2021/06/23/us-supreme-court-bolsters-presidential-power-over-housing-finance-agency.html | title = U.S. Supreme Court bolsters presidential power over housing finance agency | date = June 23, 2021 | accessdate = June 23, 2021 | work = CNBC | archive-date = June 23, 2021 | archive-url = https://web.archive.org/web/20210623200951/https://www.cnbc.com/2021/06/23/us-supreme-court-bolsters-presidential-power-over-housing-finance-agency.html | url-status = live }} President Biden replaced Calabria with Sandra L. Thompson as Acting Director, who is expected to end Calabria's policy of phasing out the conservatorship.
Inspector General
Brian M. Tomney was nominated by President Joe Biden and confirmed by the U.S. Senate to serve as Inspector General for the Federal Housing Finance Agency. Sworn into office on March 14, 2022, Tomney is the third Senate confirmed Inspector General for FHFA.
Laura S. Wertheimer was nominated as Inspector General of the Federal Housing Finance Agency by President Barack Obama and confirmed by the U.S. Senate on September 17, 2015. On June 29, 2021, Wertheimer announced she would be leaving the position on July 30, 2021.{{cite web |title=Embattled Housing Finance Agency IG Steps Down |url=https://www.govexec.com/oversight/2021/06/embattled-housing-finance-agency-ig-steps-down/176819/ |website=Government Executive |access-date=3 July 2021 |language=en |archive-date=1 July 2021 |archive-url=https://web.archive.org/web/20210701000919/https://www.govexec.com/oversight/2021/06/embattled-housing-finance-agency-ig-steps-down/176819/ |url-status=live }} This followed calls from Republican Senators Chuck Grassley and Ron Johnson for her removal in the preceding weeks,{{cite web |title=Senators Call for Removal of FHFA Inspector General |url=https://whistleblowersblog.org/2021/05/articles/government-whistleblowers/senators-call-for-removal-of-fhfa-inspector-general/ |website=Whistleblower Network News |access-date=3 July 2021 |date=6 May 2021 |archive-date=25 June 2021 |archive-url=https://web.archive.org/web/20210625101540/https://whistleblowersblog.org/2021/05/articles/government-whistleblowers/senators-call-for-removal-of-fhfa-inspector-general/ |url-status=live }} and a critical CIGIE report released on April 29, 2021.{{cite news |last1=Swanson |first1=Ian |title=Report finds federal housing agency official 'abused her authority' |url=https://thehill.com/homenews/senate/550777-report-finds-federal-housing-agency-official-abused-her-authority |access-date=3 July 2021 |work=The Hill |date=28 April 2021 |language=en |archive-date=29 June 2021 |archive-url=https://web.archive.org/web/20210629204959/https://thehill.com/homenews/senate/550777-report-finds-federal-housing-agency-official-abused-her-authority |url-status=live }}
See also
References
{{Reflist|2|refs=
{{cite news | url=https://www.nytimes.com/2011/09/03/business/bank-suits-over-mortgages-are-filed.html | title=Federal Regulators Sue Big Banks Over Mortgages | work=The New York Times | date=Sep 3, 2011 | access-date=Sep 6, 2011 | last1=Schwartz | first1=Nelson D. | last2=Roose | first2=Kevin | archive-date=December 20, 2011 | archive-url=https://web.archive.org/web/20111220041312/http://www.nytimes.com/2011/09/03/business/bank-suits-over-mortgages-are-filed.html | url-status=live }}
{{cite news | url=http://www.salon.com/news/mortgage_crisis/index.html?story=%2Ftech%2Fhtww%2F2011%2F09%2F06%2Ffhfa_lawsuit_against_banks | title=The bungled politics of bank bashing | work=Salon | date=Sep 6, 2011 | access-date=Sep 6, 2011 | last=Leonard | first=Andrew | archive-date=September 7, 2011 | archive-url=https://web.archive.org/web/20110907115505/http://www.salon.com/news/mortgage_crisis/index.html?story=%2Ftech%2Fhtww%2F2011%2F09%2F06%2Ffhfa_lawsuit_against_banks | url-status=live }}
{{cite web | url=http://blogs.reuters.com/felix-salmon/2011/09/03/the-fhfa-lawsuit-league-table/ | archive-url=https://web.archive.org/web/20111017175716/http://blogs.reuters.com/felix-salmon/2011/09/03/the-fhfa-lawsuit-league-table/ | url-status=dead | archive-date=October 17, 2011 | title=The FHFA lawsuit league table | publisher=Reuters | work=Felix Salmon Blog | date=Sep 2, 2011 | access-date=Sep 6, 2011 | last=Salmon |first=Felix}}
{{Cite web | author-link = Mark Joseph Stern | last = Stern |first=Mark Joseph |date=2021-06-24 |title=A Scheme to Blow Up the Housing Market Backfired Spectacularly at the Supreme Court |url=https://slate.com/news-and-politics/2021/06/collins-yellen-supreme-court-fhfa-backfire.html |access-date=2021-06-25 |website=Slate |language=en |archive-date=2021-06-25 |archive-url=https://web.archive.org/web/20210625000141/https://slate.com/news-and-politics/2021/06/collins-yellen-supreme-court-fhfa-backfire.html |url-status=live }}
{{cite press release
|first=Henry M. Jr.
|last=Paulson
|title=Statement by Secretary Henry M. Paulson, Jr. on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers
|date=2008-09-07
|publisher=United States Department of the Treasury
|url=http://www.treas.gov/press/releases/hp1129.htm
|access-date=2008-09-07
|archive-url=https://web.archive.org/web/20080909082552/http://www.treas.gov/press/releases/hp1129.htm
|archive-date=September 9, 2008
}}
{{cite news |date=June 23, 2021 |first1=Rachel |last1=Siegel |first2=Tyler |last2=Pager |first3=Robert |last3=Barnes |title=White House replaces regulator overseeing U.S. mortgage giants following Supreme Court ruling |url=https://www.washingtonpost.com/us-policy/2021/06/23/biden-fannie-freddie-fhfa-supreme-court/ |newspaper=The Washington Post |accessdate=2021-06-25 |archive-date=2021-06-23 |archive-url=https://web.archive.org/web/20210623181832/https://www.washingtonpost.com/us-policy/2021/06/23/biden-fannie-freddie-fhfa-supreme-court/ |url-status=live }}
{{cite news |first=Zachary A. |last=Goldfarb |author2=David Cho |author3=Binyamin Appelbaum |title=Treasury to Rescue Fannie and Freddie: Regulators Seek to Keep Firms' Troubles From Setting Off Wave of Bank Failures |date=2008-09-07 |url=https://www.washingtonpost.com/wp-dyn/content/article/2008/09/06/AR2008090602540.html?hpid=topnews |newspaper=The Washington Post |pages=A01 |access-date=2008-09-07 |archive-date=2008-09-23 |archive-url=https://web.archive.org/web/20080923192949/http://www.washingtonpost.com/wp-dyn/content/article/2008/09/06/AR2008090602540.html?hpid=topnews |url-status=live }}
}}
Further reading
- [https://purl.fdlp.gov/GPO/gpo33880 Oversight of the Federal Housing Finance Agency: Hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Twelfth Congress, First Session, November 15 and December 13, 2011]
- [https://purl.fdlp.gov/GPO/gpo24053 Oversight of the Federal Housing Finance Agency: Hearing before the Subcommittee on Oversight and Investigations of the Committee on Financial Services, U.S. House of Representatives, One Hundred Twelfth Congress, First Session, December 1, 2011]
External links
- {{Official website|http://www.fhfa.gov/}}
- Federal Housing Finance Agency - OIG (fhfaoig.gov)
- [https://www.federalregister.gov/agencies/federal-housing-finance-agency Federal Housing Finance Agency] in the Federal Register
- [https://www.federalregister.gov/agencies/federal-housing-enterprise-oversight-office Office of Federal Housing Enterprise Oversight] in the Federal Register
- [https://www.fhfa.gov/AboutUs/Reports/ReportDocuments/FHFA-2019-PAR.pdf 2019 Performance and Accountability report]
{{2008 economic crisis}}
{{Bank regulation in the United States}}
{{US housing by state}}
{{Authority control}}
Category:Federal Housing Finance Agency
Category:Government agencies established in 2008
Category:United States Department of Housing and Urban Development
Category:Mortgage industry of the United States
Category:Independent agencies of the United States government
Category:Subprime mortgage crisis
Category:Housing finance agencies of the United States
Category:Financial regulatory authorities of the United States