Office Of Federal Housing Enterprise Oversight (OFHEO)
What it is:
How it works (Example):
Started in 1922 after the passage of the Federal Housing Enterprises Financial Safety and Soundness Act, thebecame part of the Federal Housing Finance Agency (FHFA) in 2008 when President Barack Obama signed the Housing and Act of 2008. In that change, the staff combined with the staffs of the Federal Housing Finance Board.
set the size limits for conforming , which are that and could purchase from banks (thereby giving the banks more to lend).
Why it Matters:
The goal of thewas to ensure a stable and housing by making sure that the federal government's primary catalysts of the -- and -- were financially sound.