Office Of Federal Housing Enterprise Oversight

Office Of Federal Housing Enterprise Oversight News

• Fannie Refused to Punish Countrywide for Bad Debt, Lockhart Says

  Fannie Mae refused to seek large amounts of mortgage repurchases from Countrywide Financial Corp. as housing began to crash, according to the former head of its regulator.

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  Fannie Mae Silence on Taylor Bean Led to $3 Billion Fraud

  The first sign of what would ultimately become a $3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else.

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  SEC’s Fannie, Freddie Suits Miss the Enablers: Jonathan Weil

  Let’s boil down the Securities and Exchange Commission’s claims last week against six former Fannie Mae and Freddie Mac executives to their essence. Every disclosure that the SEC says amounted to fraud is something the government blessed or turned a blind eye to as it was happening.

• Fannie Mae, Freddie Mac Still Too Big to Nail: Jonathan Weil

  The White House says it’s finally ready to consider new ideas for what to do about Fannie Mae and Freddie Mac . Still absent from the government’s agenda is any serious effort to hold anyone accountable for their ruin or investigate why they collapsed.

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  Emanuel Likely to Leave Before November for Chicago Race

  With the expected departure of presidential chief of staff Rahm Emanuel , leaving before U.S. national elections to run for mayor of Chicago, President Barack Obama can turn to a number of ready replacements.

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  Jones to Resign as Obama's National Security Adviser

  President Barack Obama said his national security adviser James Jones will leave the administration later this month and be replaced by his deputy, Tom Donilon .

• Axel Springer Appeal in ProSiebenSat.1 Case, Fund Manager Tax: Compliance

  In the face of opposition from bankers, U.S. Senator Susan Collins agreed to ratchet back a proposal that would prevent banks from using so-called trust- preferred securities, or TruPS, to appear better capitalized.

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