FHFA: GSEs Focused on Core Businesses and Responsible Lending
February 26, 2010 – 8:47 amPosted To: MND NewsWire
The central goal of the Federal Housing Finance Agency (FHFA) in managing its conservatorship of Freddie Mac and Fannie Mae is and conserving the assets of the corporations by minimizing their credit losses from delinquent mortgages. This goal and others were outlined in a letter earlier this month from Edward J. DeMarco, Acting Director of FHFA updating leadership of the House Financial Services and Senate Banking, Housing, and Urban Affairs committees on those conservatorships. The letter was released as part of a presentation made by DeMarco to the U.S. House of Representatives Committee on Financial Services Thursday. The presentation was primarily concerned with outlining FHFA's approach to executive compensation at the two government sponsored enterprises while the letter addressed…(read more)