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Article: Baker Bends on GSE Issue, Except OFHEO Boot.(Richard Baker on his Fannie Mae, Freddie Mac, Office of Federal Housing Enterprise Oversight legislation)(Brief Article)
- Article from:
- American Banker
- Article date:
- April 6, 2001
- Author:
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Rep. Richard Baker on Thursday reiterated that nearly every part of his controversial bill to transfer oversight of Fannie Mae and Freddie Mac to the Federal Reserve Board is negotiable but stood firm on eliminating the Office of Federal Housing Enterprise Oversight.
The Louisiana Republican, who chairs the House Financial Services subcommittee with jurisdiction over Fannie and Freddie, sharply criticized OFHEO for its failure to develop a risk-based capital standard for the government-sponsored mortgage companies, which its 1992 charter required.
"I don't think I can point to anything other than their resume in saying they are inadequate to complete the task," Rep. ...
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Article: FANNIE MAE RESPONDS TO REP. HENSARLING'S ...
US Fed News Service, Including US State News;
December 16, 2008 ;
700+ words
...Rep. Jeb Hensarling, R-Texas ... the following statement after Fannie Mae President and CEO Herbert Allison ... made by CBS-11 Dallas that Fannie Mae spent over $6,000 on a recreational outing for Fannie Mae executives on September 29 ...
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