FHFA and Its Role In Freddie Mac, Fannie Mae

        FHFA was created in 2008 under the Housing and Economic Recovery Act. It’s primary function was as a regulator for Fannie Mae,Freddie Mac and the FHL. Later in 2008 though, the enterprises were placed in conservatorship and the FHFA became supervisor as well as conservator. It has been operating now for nearly ten years in that capacity. Of note is that the FHFA has so far been exempt from FOIA transparency. The OIG for the FHFA is tasked with oversight reports as well as investigations. From October 2016 to March 2017 alone, they pursued 71 indictments, … Continue reading