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Federal Housing Finance Board
The Federal Housing Finance Board, also known by the abbreviation FHFB, was an independent agency of the U.S. Government. Created by the Financial Institutions Reform, Recovery and Enforcement Act of 1989 in the aftermath of the Savings and Loan crisis, the FHFB replaced the now-defunct Federal Home Loan Bank Board. On July 30, 2008, the Housing and Economic Recovery Act of 2008 combined the FHFB and the Office of Federal Housing Enterprise Oversight (OFHEO) to form the new Federal Housing Finance Agency (FHFA), and will cease its existence one year later, on July 30, 2009
The FHFB provided regulatory oversight of the nation's Federal Home Loan Banks, or FHLB. The twelve regional FHLBs are privately-held Government sponsored enterprises that ensure the supply of funds to local lenders that, in turn, finance loans for home mortgages. The FHLBs are located in Atlanta, Boston, Chicago, Cincinnati, Dallas, Des Moines, Indianapolis, New York, Pittsburgh, San Francisco, Seattle, and Topeka. Each bank serves a separate, non-overlapping district within the United States.
The FHFB was headquartered in Washington, D.C. and led by a five-member board. Four board members were appointed by the President for seven-year terms, and the fifth member is either the Secretary of Housing and Urban Development, or the Secretary's designee.
The FHFB was entirely funded by fees assessed to Federal Home Bank Loans, and did not directly receive taxpayer funds.
updated Mon. November 6, 2023
April 13, 2018
The Senate last confirmed him in 2001 to serve as assistant secretary of labor for administration and management under the younger Bush. Pizzella sat on the Federal Housing Finance Board from 1990 to 1995 under the elder Bush. In that position, he oversaw the Federal Home Loan Bank system.
March 10, 2018
TOPEKA, Kan. — Andrew C. “Skip” Hove Jr. of Lincoln was re-elected to the board of directors of the Federal Home Loan Bank of Topeka. Hove serves on the Housing and Governance and Risk Oversight committees. Hove previously served on the board of directors of NeighborWorks Lincoln and onÃâÃÂ ...
February 26, 2018
... Montgomery also held a handful of other top positions throughout the government and housing industry, including co-founder and partner at the Collingwood Group, deputy assistant to the president and cabinet secretary, board member on the Federal Housing Finance Board, the Housing and EconomicÃâÃÂ ...
Loop North News
February 25, 2018
Archives of the now-defunct Federal Housing Finance Board show long-term mortgage rates were relatively affordable five and a half decades ago at 5.81 to 5.94 percent between 1963 and 1965. In 1966 and 1967, borrowers paid an average of 6.3 to 6.4 percent. Rates last dipped below 6.5 percent inÃâÃÂ ...
December 25, 2017
A homemaker, Mrs. Underwood had been an administrative secretary for the Federal Home Loan Bank Board, Pittsburgh. Born February 14, 1937 in Bellefonte and raised on a dairy farm in Butler, she was the daughter of the late Walter H. and Ruth (Hoover) Henricks. A Lutheran, Marjorie was an activeÃâÃÂ ...
November 28, 2017
... and housing industry, including co-founder and partner at the Collingwood Group, Deputy Assistant to the President and Cabinet Secretary, board member on the Federal Housing Finance Board, the Housing and Economic Recovery Act of 2008 Oversight Board, and NeighborWorks America Board.
The Daily Progress
October 28, 2017
Also in 1963, Dick moved to the Federal Home Loan Bank Board and became Deputy Director of Economic Research. Dick and Peggy had two children, Paula and Andy, whose activities they unfailingly supported. After Dick and Peggy retired, they traveled extensively across the U.S. and the globe, with aÃâÃÂ ...
Pacific Business News (Honolulu)
October 19, 2017
Developer Christine Camp, president and CEO of Honolulu-based Avalon Group, has been elected to the board of the Federal Home Loan Bank of Des Moines, which gives the cooperative that supports mortgage lending and affordable housing a second Hawaii director. Camp's term starts on Jan.
October 12, 2017
Federal court records show that Kayla Lindsey is serving six months in an Alabama federal prison for making false statements to the Federal Home Loan Bank Board. She pleaded guilty in March in a case that involved hiring contractors to do home repairs, instructing them to pad invoices, and then kickingÃâÃÂ ...
August 4, 2017
In exchange, a resident-led complaint in front of the Federal Home Loan Bank Board was ended. Michael Ross, an attorney for the developer, argued that none of the owners ever intended for it to be a public space forever, and there had never been any easements on the title. He said that by continuing toÃâÃÂ ...
July 31, 2017
Before coming to FCA, Ms. Laguarda was an attorney adviser at the Office of Thrift Supervision and its predecessor agency, the Federal Home Loan Bank Board. In 1995 and again in 2004, she was detailed to the White House Counsel's Office for brief periods to work on ethics issues. A graduate of TuftsÃâÃÂ ...
Sacramento Business Journal
June 23, 2017
She started out with the Federal Home Loan Bank Board during the savings and loan crisis of the 1980s. She has spoken at congressional briefings, helped write the handbook for examiners across the nation, and was part of the Hurricane Katrina task force. She also did international consulting, helpingÃâÃÂ ...
Mortgage Professional America
May 15, 2017
He also served as the HUD assistant secretary for housing and a board member on the Federal Housing Finance Board, the Housing and Economic Recovery Act of 2008 Oversight Board, and the NeighborWorks America Board. Following the destruction of the space shuttle Columbia in 2003, MontgomeryÃâÃÂ ...
Kansas City Star
March 17, 2017
Two new names did: Gary Cohn, who is the head of Trump's National Economic Council and formerly of Goldman Sachs, and Thomas Vartanian, an attorney with experience at the Federal Home Loan Bank Board and Office of the Comptroller of the Currency. Hoenig also was on a different short list ofÃâÃÂ ...
Acton Institute (blog)
March 8, 2017
Additionally, the Secretary is designated by statute and under executive orders to participate in numerous governmental bodies outside of the department, such as being the Director of the Federal Housing Finance Board. Secretary Info. Ben Carson / CarsonScholars.org. Secretary: Dr. Ben S. Carson, Sr.
February 1, 2017
It was during the savings and loan crisis, which began in 1986, that Golding launched his career in mortgage finance with a job at the Federal Home Loan Bank Board. In July 1989, he joined Freddie Mac as a senior economist. During his 23 years there, he held a number of executive positions in its ModelsÃâÃÂ ...
December 31, 1999
Under President George Bush, he was appointed to the Advisory Committee for Trade Policy and Negotiations in 1990, and the Federal Home Loan Bank Board-Indianapolis Bank in Indiana in 1991. Dr. Pickard is a past recipient of the prestigious Michiganian of the Year award. He has donated over $1ÃâÃÂ ...
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