Federal Housing Enterprises Financial Safety and Soundness Act of 1992
- Federal Housing Enterprises Financial Safety and Soundness Act of 1992
The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 or FHEFSSA is Title XIII to the Housing and Community Development Act of 1992. [USPL|102|550] It establishes the Office of Federal Housing Enterprise Oversight (OFHEO) within the United States Department of Housing and Urban Development (HUD). The act also mandates that HUD set specific goals for the government-sponsored enterprises Fannie Mae and Freddie Mac, with regard to low income and underserved housing areas. [ [http://www.fanniemae.com/aboutfm/charter.jhtml Fannie Mae web site listing of laws regulating its operations.] ]
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