...want to assure you that there is a very strong regulatory system already in place. OFHEO works well as the safety and soundness regulator for Fannie Mae and Freddie Mac (the Enterprises). The only shortcoming, which I will address later in my testimony, is OFHEO's lack...

...oversight of the GSEs. In addition, OFHEO, is, fom my perspective, operating increasingly effectively as the safety and soundness regulator for Fannie Mae and Freddie Mac. The agency has, for example, developed and implemented a robust, comprehensive, and continuous examination...

...First effective safety and soundness oversight, the reason all of us are here today, is necessary. The Treasury Department successfully regulates both...Freddie Mac. Second, the GSE regulators, both within Treasury and HUD, need to have adequate funding if they are to live up to their Important duties. That...

...and Freddie Mac. First, effective safety and soundness oversight is vital. The Treasury Department's successfully regulates both national banks and federal...Freddie Mac. Second, the GSE regulators both within Treasury and HUD need to have adequate funding if they are to live up to their important duties. The...

...Mae and Freddie Mac. MBA therefore has a keen interest in maintaining the safety and soundness of our country's real estate finance system. Fannie Mae and...Supervision funding mechanism in drafting its legislation. mental tool in this regard. A statute should not unduly tie a regulator's hands. Fourth, a regulator...

...draft report entitled Federal Housing Enterprises: HUD's Mission Oversight Needs to be Strengthened. As the safety and soundness regulator for Fannie Mae and Freddie Mac, the Office of Federal Housing Enterprise Oversight (OFHEO) has a considerable interest in the quality...