DEFINITION of 'Office of Federal Housing Enterprise Oversight - OFHEO'

A federal regulatory body that formerly oversaw the government-sponsored entities (GSEs), Freddie Mac and Fannie Mae. It was established as an independent entity within the Department of Housing and Urban Development by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992. It was replaced in 2008 by the Federal Housing Finance Agency (FHFA). The OFHEO had worked to ensure the capital adequacy and financial safety of the two housing GSEs.

BREAKING DOWN 'Office of Federal Housing Enterprise Oversight - OFHEO'

OFHEO's mission was to promote housing and a strong national housing finance system by ensuring the safety and soundness of Fannie Mae and Freddie Mac. 

It also previously set the annual conforming loan limits.

In 2008, the OFHEO was replaced by the Federal Housing Finance Agency (FHFA), the successor regulator agency created by the merger of the OFHEO, the Federal Housing Finance Board (FHFB) and other functions.

  1. Conforming Loan Limit

    The limit on the size of a mortgage which Fannie Mae and Freddie ...
  2. Federal Housing Finance Agency ...

    A U.S. government agency created by the Housing and Economic ...
  3. Maximum Loan Amount

    Describes the maximum amount that a borrower can borrow. The ...
  4. Agency Security

    Low-risk debt obligations that are issued by U.S. government-sponsored ...
  5. Agency MBS Purchase

    Agency MBS purchase is most commonly used to refer to the U.S. ...
  6. Agency Debentures

    Debt issued by a federal agency or a government-sponsored enterprise ...
Related Articles
  1. Investing

    Should You Invest In Fannie Mae Stock?

    If you're risk-adverse, you might want to avoid investing in Fannie Mae. But if you're up for it, high risk could translate to high reward.
  2. Insights

    Freddie Mac May Follow Fannie Mae Into Rental Market

    Freddie Mac may follow Fannie Mae's example and guarantee financing in the single-family rental market.
  3. Investing

    Fannie Mae: What It Does And How It Operates

    Chances are you've heard of Fannie Mae. But do you know what it does and how it operates?
  4. Personal Finance

    Reform of Freddie & Fannie: Trouble Ahead

    The U.S. Treasury is mulling a plan to remove its $258 billion backstop for the GSE mortgage giants, which could roil the markets.
  5. Investing

    An Introduction To Real Estate Futures

    These futures are intended for institutional use, but retail investors looking to speculate on prices can benefit as well.
  6. Investing

    Buy Your Next Home From Uncle Sam

    As a result of rising foreclosures, some Americans will buy their next home from the U.S. government.
  7. Investing

    The Treasury And The Federal Reserve

    Find out how these two agencies create policies to manage the economy and keep it on an even keel.
  8. Insights

    Top 6 U.S. Government Financial Bailouts

    U.S. bailouts date all the way back to 1792. Learn how the biggest ones affected the economy.
  9. Personal Finance

    Are mortgage-backed securities backed by any guarantees?

    Actually, any mortgage-backed security (MBS) guarantee depends on who issued it.To review, an MBS is a security, created through the process of securitization, in which the underlying assets ...
  10. Investing

    The Government And Risk: A Love-Hate Relationship

    Though the U.S. government can help its citizens by subsidizing risky loans, the costs always come back to the taxpayers.
  1. How does Fannie Mae (FNMA) make money?

    Fannie Mae is a government-sponsored enterprise (GSE) established in 1938 to expand the flow of mortgage money by creating ... Read Answer >>
  2. How do you use the FNMA selling guide?

    Learn about Fannie Mae Selling Guide and find out details about how its parts provide support to the business relationship ... Read Answer >>
  3. What does FNMA stand for?

    Learn what FNMA is, how it helps low-, moderate- and middle-income families afford a place to live using mortgage liquidity, ... Read Answer >>
  4. Were collateralized mortgage obligations (CMOs) responsible for the financial crisis ...

    Learn how collateralized mortgage obligations helped to fuel the 2008 financial crisis, and see how many failed to understand ... Read Answer >>
Hot Definitions
  1. Entrepreneur

    An Entrepreneur is an individual who founds and runs a small business and assumes all the risk and reward of the venture. ...
  2. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
  3. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
  4. Compound Interest

    Compound Interest is interest calculated on the initial principal and also on the accumulated interest of previous periods ...
  5. Income Statement

    A financial statement that measures a company's financial performance over a specific accounting period. Financial performance ...
  6. Leverage Ratio

    A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt, or ...
Trading Center