Federal Housing Finance Agency: Difference between revisions

The law establishing the FHFA is the Federal Housing Finance Regulatory Reform Act of 2008, which is Division A of the larger [[Housing and Economic Recovery Act of 2008]], Public Law 110-289, signed on July 30, 2008 by President [[George W. Bush]]. One year after the law was signed, the OFHEO and the FHFB went out of existence. All existing regulations, orders and decisions of OFHEO and the Finance Board remain in effect until modified or superseded.<ref>HR 3221, signed into law as Public Law 110-289: ''A bill to provide needed housing reform and for other purposes.''<br/>Access to Legislative History: Library of Congress: [http://thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.03221: A bill to provide needed housing reform and for other purposes.] {{Webarchive|url=https://web.archive.org/web/20080918041801/http://thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.03221: |date=2008-09-18 }}<br/>White House pre-signing statement: [https://georgewbush-whitehouse.archives.gov/omb/legislative/sap/110-2/saphr3221-h.pdf Statement of Administration Policy: H.R. 3221 – Housing and Economic Recovery Act of 2008] {{webarchive|url=https://web.archive.org/web/20201130114333/https://georgewbush-whitehouse.archives.gov/omb/legislative/sap/110-2/saphr3221-h.pdf |date=2020-11-30 }} (July 23, 2008). Executive office of the President, Office of Management and Budget, Washington DC.</ref>

On May 1, 2013, President [[Barack Obama]] nominated [[Mel Watt]] as the next FHFA head.<ref>{{cite web | url =https://www.bloomberg.com/news/2013-05-01/obama-said-to-choose-watt-to-lead-fannie-mae-regulator.html | title =Obama Said to Choose Watt to Lead Fannie Mae Regulator | author =Hopkins, Cheyenne | author2 =Benson, Clea | publisher =Bloomberg | date =May 1, 2013 | access-date =2017-03-07 | archive-date =2017-03-12 | archive-url =https://web.archive.org/web/20170312033913/https://www.bloomberg.com/news/2013-05-01/obama-said-to-choose-watt-to-lead-fannie-mae-regulator.html/ | url-status =live }}</ref><ref>{{cite web | url =http://www.latimes.com/business/money/la-fi-mo-fhfa-mel-watt-demarco-fannie-freddie-20130501,0,7434016.story | title =Obama to nominate Democratic Rep. Mel Watt to head housing agency | author =Puzzanghera, Jim | work =Los Angeles Times | date =May 1, 2013 | access-date =December 18, 2013 | archive-date =November 6, 2013 | archive-url =https://web.archive.org/web/20131106051356/http://www.latimes.com/business/money/la-fi-mo-fhfa-mel-watt-demarco-fannie-freddie-20130501,0,7434016.story | url-status =live }}</ref>  After Democrats [[nuclear option|eliminated rules allowing filibusters on executive branch nominations]], the U.S. Senate confirmed Watt on December 10, 2013.<ref>{{cite web| url= http://www.latimes.com/business/money/la-fi-mo-mel-watt-fhfa-fannie-mae-freddie-mac-20131210,0,1179292.story| title= Senate confirms Rep. Mel Watt as Fannie Mae, Freddie Mac regulator| date= December 10, 2013| work=[[Los Angeles Times]]| access-date= December 18, 2013| archive-date= December 18, 2013| archive-url= https://web.archive.org/web/20131218064623/http://www.latimes.com/business/money/la-fi-mo-mel-watt-fhfa-fannie-mae-freddie-mac-20131210,0,1179292.story| url-status= live}}</ref>