The Real Estate Encyclopedia
Federal Housing Finance Board
Category - Government Agencies - Federal Bodies

 

The Federal Housing Finance Board regulates the 12 FHLBanks that were created in 1932 to improve the supply of funds to local lenders that, in turn, finance loans for home mortgages. The board also has regulatory authority and supervisory oversight responsibility for the Office of Finance.

Today, the FHLBanks and their 8,104 member-owners, which constitute the FHLBank System, form a cooperative partnership that continues to help finance the country's urban and rural housing and community development needs. This partnership supports community-based financial institutions and facilitates their access to credit.

The Finance Board ensures that the FHLBanks, which are privately capitalized, government-sponsored enterprises, operate in a safe and sound manner, carry out their housing and community development finance mission, and remain adequately capitalized and able to raise funds in the capital markets.

 

The Finance Board is an independent regulatory agency of the executive branch of the U.S. Government, with a five-member board. Four board members are appointed by the President for seven-year terms, and the fifth member is the Secretary of the Department of Housing and Urban Development, or the secretary's designee.



External Links

www.fhfb.gov

 
 
Category(s)
Government Agencies - Federal Bodies
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