Federal Housing Enterprises Financial Safety and Soundness Act of 1992

The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (or FHEFSSA, , title XIII of the Housing and Community Development Act of 1992

Housing and Community Development Act

Housing and Community Development Act, the name of several United States federal laws, may refer to:*Housing and Community Development Act of 1974*Housing and Community Development Act of 1977*Housing and Community Development Act of 1980...

, , Oct. 28, 1992, , et seq.). The Act established the Office of Federal Housing Enterprise Oversight

Office of Federal Housing Enterprise Oversight

The Office of Federal Housing Enterprise Oversight was an agency within the Department of Housing and Urban Development. It was charged with ensuring the capital adequacy and financial safety and soundness of two government sponsored enterprises—the Federal National Mortgage Association and the...

(OFHEO) within the United States Department of Housing and Urban Development

United States Department of Housing and Urban Development

The United States Department of Housing and Urban Development, also known as HUD, is a Cabinet department in the Executive branch of the United States federal government...

(HUD). It also mandated that HUD set specific goals for the government-sponsored enterprise

Government-sponsored enterprise

A government-sponsored enterprise is a financial services corporation created by the United States Congress. Their function is to enhance the flow of credit to targeted sectors of the economy and to make those segments of the capital market more efficient and transparent...

s Fannie Mae and Freddie Mac, with regard to low income and underserved housing areas.

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