The Federal Housing Finance Agency (FHFA) is a U.S. government agency established in 2008 under the Housing and Economic Recovery Act to oversee housing-related Government-Sponsored Enterprises (GSEs). The agency has enhanced powers for enforcement and regulation.
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a publicly owned government-sponsored enterprise (GSE) that was established to enhance the flow of capital in the mortgage market by purchasing and reselling mortgages.
The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 restructured the regulatory and deposit insurance systems concerning savings and loan associations and introduced reforms to prevent future financial crises.
The Housing and Economic Recovery Act of 2008 was legislation passed to address the subprime housing crisis by creating a new regulator for housing-related Government-Sponsored Enterprises (GSEs) and granting enhanced powers to enforce standards and restrictions on these entities.
The OFHEO Price Index, also known as the FHFA House Price Index, is a home price index compiled by the Office of Federal Housing Finance Agency, based on data from loans held by government-sponsored enterprises (GSEs).
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.