Fannie Mae, Freddie Mac – The Disappearing Document via timhoward717.com
….We will simply be examining the governments own words in relation to Fannie Mae / Federal National Mortgage AssctnFnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) conservatorship. This post has grown so big that we have decided to split it into two posts. Part two will deal primarily with the motive for this brazen crime. I also want to send a thank you out to Julian Assange and Wikileaks for keeping the “Congressional Research Services document from 2009 alive and well on the internet. This document was fairly available online until recently when every trace of it disappeared suddenly. I have attached the Wiki leaks version.
Fannie Mae, Freddie Mac Regulatory Reform: Frequently Asked Questions
Who currently regulates Fannie Mae, Freddie Mac, and the FHLBanks?
The Housing and Economic Recovery Act of 2008, P.L. 110-289, created a new, unified regulator for Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA), Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), and the FHLBanks—the Federal Housing Finance Agency (FHFA). The act provides for a one-year transition to transfer work, staff, and other resources from the previous regulators. Until the first FHFA director is nominated by the President and confirmed by the Senate, the director of the Office of Federal Housing Enterprise Oversight (OFHEO) is also the head of FHFA. James B. Lockhart, who was OFHEO director, continues and is FHFA director. Regulatory staff from OFHEO and the Department of Housing and Urban Development (HUD) are being transferred to FHFA.
See full GSE Regulatory Reform: Frequently Asked Questions here: 2009