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FHFA RESTRUCTURES SAFETY AND SOUNDNESS AND MISSION OFFICES

Wednesday, February 2, 2011 - 8:00AM

Federal Housing Finance Administration (FHFA) Acting Director Edward J. DeMarco has announced a restructuring of the agency’s safety and soundness and mission offices, including the establishment of an integrated supervision structure and a revamped housing mission and policy division. The new housing mission team will focus on policy matters involving the government sponsored enterprise (GSE) conservatorships, including loss mitigation activities, public reporting on the activities of FHFA’s regulated entities, affordable housing and Dodd-Frank-related activities. FHFA plans to have the new structure, designed to promote greater uniformity and consistency in the examinations of Fannie Mae, Freddie Mac and the Federal Home Loan Banks, in place by the end of the first quarter. More information about the revamped housing mission and the staffing of the examination offices, including a supervision committee organizational chart, can be found in the FHFA’s announcement.

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