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Department of Housing and Urban Development, Executive (1 - 6 of 6 items)
Housing Government-Sponsored Enterprises: A Single Regulator Will Better Ensure Safety and Soundness and Mission Achievement
GAO-08-563T: Published: Mar 6, 2008. Publicly Released: Mar 6, 2008.
The housing government-sponsored enterprises (GSEs)--Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System (FHLBank System), play a critical role in the nation's housing finance system. However, concerns exist that the fragmented federal oversight structure for the GSEs is not well positioned to help ensure that they operate in a safe and sound manner and fulfill their housing missions. T...
Housing Government-Sponsored Enterprises: A New Oversight Structure Is Needed
GAO-05-576T: Published: Apr 21, 2005. Publicly Released: Apr 21, 2005.
Serious concerns exist regarding the risk management practices and the federal oversight of the housing government-sponsored enterprises (GSE)--Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System (FHLBank System), which had combined obligations of $4.6 trillion as of year-end 2003. In 2003, Freddie Mac disclosed significant accounting irregularities. In 2004, the Office of Federal Housi...
Government-Sponsored Enterprises: Creation of a Single Housing GSE Regulator
T-GGD-00-200: Published: Sep 12, 2000. Publicly Released: Sep 12, 2000.
Pursuant to a congressional request, GAO discussed the regulation of the housing government-sponsored enterprises (GSE).GAO noted that: (1) GAO supports a single housing GSE regulator for Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System; (2) selecting a stand-alone agency with a governing board would better ensure the independence and prominence of the regulator and allow it to act i...
Housing Enterprises: The Roles of Fannie Mae and Freddie Mac in the U.S. Housing Finance System
T-GGD-00-182: Published: Jul 25, 2000. Publicly Released: Jul 25, 2000.
Pursuant to a congressional request, GAO discussed the roles of Fannie Mae and Freddie Mac in the U.S. housing finance system, focusing on: (1) the benefits and costs of the enterprises' housing finance activities; (2) federal efforts to ensure the enterprises' safety and soundness; and (3) federal efforts to ensure that the enterprises promote home ownership opportunities for all Americans.GAO no...
Government Sponsored Enterprises: Advantages and Disadvantages of Creating a Single Housing GSE Regulator
GGD-97-139: Published: Jul 9, 1997. Publicly Released: Jul 17, 1997.
Pursuant to a congressional request, GAO reviewed the advantages and disadvantages of creating a single regulator for the three housing government-sponsored enterprises (GSE).GAO noted that: (1) GAO's ongoing work has strengthened its belief that the housing GSE regulators would be more effective if combined and authorized to oversee both safety and soundness and mission compliance; (2) nothing GA...
Housing Enterprises: Investment Authority, Policies, and Practices
GGD-97-137R: Published: Jun 27, 1997. Publicly Released: Jun 27, 1997.
Pursuant to a congressional request, GAO reviewed the non-mortgage investment practices of the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae), focusing on the enterprises': (1) legal authority for making non-mortgage investments and oversight of that authority by the enterprises' regulators; (2) non-mortgage investment policies and p...