[PDF] Federal Housing Finance Agency eBook

Author : U.s. Government Accountability Office
Publisher :
Page : 30 pages
File Size : 14,79 MB
Release : 2017-08-13
Category :
ISBN : 9781974498451

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"The Federal Housing Finance Agency (FHFA) relies extensively on computerized systems to carry out its mission to provide effective supervision, regulation, and housing mission oversight of the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the federal home loan banks. Effective information security controls are essential to ensure that FHFA's financial information is protected from inadvertent or deliberate misuse, disclosure, or destruction.As part of its audit of FHFA's fiscal year 2009 financial statements, GAO assessed the effectiveness of the agency's information security controls to ensure the confidentiality, integrity, and availability of the agency's financial information. To do this, GAO examined FHFA information security policies, procedures, and other documents; tested controls over key financial applications; and interviewed key agency officials."

Author : Gregory C. Wilshusen
Publisher : DIANE Publishing
Page : 30 pages
File Size : 27,47 MB
Release : 2010-09
Category :
ISBN : 1437933270

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The Fed. Housing Finance Agency (FHFA) relies extensively on computerized systems to carry out its mission to provide effective supervision, regulation, and housing mission oversight of the Fed. Nat. Mortgage Assoc. (Fannie Mae), the Fed. Home Loan Mortgage Corp. (Freddie Mac), and the fed. home loan banks. Effective info. security controls (ISC) are essential to ensure that FHFA's financial info. is protected from inadvertent or deliberate misuse, disclosure, or destruction. This report assessed the effectiveness of the agency's ISC to ensure the confidentiality, integrity, and availability of the agency's financial info. The report examined FHFA ISC policies, procedures, and other documents. Charts and tables.

Author :
Publisher :
Page : pages
File Size : 38,71 MB
Release : 2010
Category :
ISBN :

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The FHFA regulates Fannie Mae, Freddie Mac, and the 12 Federal Home Loan Banks (the government-sponsored enterprises - GSEs). On June 18, 2009, James B. Lockhart III, then Director of FHFA, released a letter expressing concern about the negative impact of energy loan tax assessment programs (ELTAPs) - also known as Property Assessed Clean Energy (PACE) programs - on both the housing finance system and homeowner program participants. Subsequently, a number of PACE proponents responded to the concerns laid out in the FHFA letter. In early Fall 2009, word circulated that FHFA was planning to follow its June letter with guidance to other agencies, possibly including Fannie Mae and Freddie Mac, discouraging them from buying loans on properties subject to PACE-type assessment liens. This triggered a second round of stakeholder letters, several of which were addressed to President Obama. On October 18, 2009, the White House, in what some believe was an attempt to obviate the need for FHFA guidance, released a Policy Framework for PACE Financing Programs that outlined best practices guidance for homeowner and lender protection. As of February 2010, FHFA and the GSEs have agreed to monitor PACE programs and work with stakeholders and the Administration to consider additional guidance beyond the Policy Framework and to collect more information on PACE program efficacy and risks. A summary of the communications timeline and highlights of the communications are provided.

Author : The Law The Law Library
Publisher : Createspace Independent Publishing Platform
Page : 38 pages
File Size : 31,62 MB
Release : 2018-09-22
Category :
ISBN : 9781727542608

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Prudential Management and Operations Standards (US Federal Housing Finance Agency Regulation) (FHFA) (2018 Edition) The Law Library presents the complete text of the Prudential Management and Operations Standards (US Federal Housing Finance Agency Regulation) (FHFA) (2018 Edition). Updated as of May 29, 2018 Section 1108 of the Housing and Economic Recovery Act of 2008 (HERA) amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) to require the Federal Housing Finance Agency (FHFA) to establish prudential standards (Standards) relating to the management and operations of the Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), and Federal Home Loan Banks (Banks) (collectively, regulated entities). This final rule implements those HERA amendments by providing for the establishment of the Standards in the form of guidelines, which initially are set out in an appendix to the rule. The final rule includes other provisions relating to the possible consequences for a regulated entity that fails to operate in accordance with the Standards. This book contains: - The complete text of the Prudential Management and Operations Standards (US Federal Housing Finance Agency Regulation) (FHFA) (2018 Edition) - A table of contents with the page number of each section

Author : William B. Shear
Publisher : DIANE Publishing
Page : 44 pages
File Size : 37,47 MB
Release : 2011
Category : Business & Economics
ISBN : 1437938302

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This is a print on demand edition of a hard to find publication. The Fed. Home Loan Bank System is a government-sponsored enterprise comprising 12 regionally-based Federal Home Loan Banks (FHLB), the primary mission of which is to support housing finance and community and economic development. Each FHLB makes loans (advances) to member financial institutions in its district, such as banks, which traditionally are secured by single-family mortgages. In 1999, the Gramm-Leach-Bliley Act authorized FHLB to accept alternative forms of collateral, such as agricultural and small business loans, from small members. This report assessed: (1) factors that may limit the use of alternative collateral; and (2) selected aspects of the Federal Housing Finance Agency's related regulatory oversight practices. Illus.

Author : Susan M. Wachter
Publisher : University of Pennsylvania Press
Page : 288 pages
File Size : 31,94 MB
Release : 2016-09-23
Category : Business & Economics
ISBN : 0812248627

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Nearly a decade after the housing market's collapse triggered the Great Recession, members of both sides of the political aisle are calling for reform. Principles of Housing Finance Reform lays out a roadmap for reforms for a new housing finance system to achieve liquidity, access, and sustainability.