Items Tagged with 'Federal Housing Enterprises Financial Safety and Soundness Act'

ARTICLES

  • OFHEO: Fannie Significantly Undercapitalized During 2002, 2003

    The Office of Federal Housing Enterprise Oversight said late Thursday that it has reclassified Fannie Mae as significantly undercapitalized during the fourth quarters of 2002 and 2003 as a result of Fannie Mae's recently-completed 2004 financial restatement. The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 requires OFHEO to determine the capital level and classification of both Fannie Mae and competitor Freddie Mac not less than quarterly, and to report the results to Congress.
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