WASHINGTON -- The Office of Federal Housing Enterprise Oversight, which regulates Fannie Mae and Freddie Mac, has released its Strategic Plan for Fiscal Years 2006-2011 that outlines a strategy for strengthened regulatory framework of the housing Government-Sponsored Enterprises.
According to an OFHEO release, some of the features of the tighter regulatory framework of the GSEs are more targeted, in-depth examinations; a review of capital standards for the GSEs; establishment of a new regulatory regime through legislative change; and increased coordination among federal agencies to enhance the country's mortgage markets and housing finance system.
The agency's plan adopts three strategic goals: enhance supervision to ensure the GSEs operate in a safe and sound manner, are adequately capitalized and comply with legal requirements; provide support for statutory reforms to strengthen OFHEO's regulatory powers; and continue to support the national policy of an efficient secondary mortgage market that promotes homeowners and affordable housing.
