Home / News / Government / FHFB Chair Rosenfeld Resigns
Print This Post Print This Post

FHFB Chair Rosenfeld Resigns

"Federal Housing Finance Board":http://www.fhfb.gov (FHFB) Chairman Ronald Rosenfeld resigned from his post on December 31.
The Federal Housing Finance Board was responsible for the supervision of the 12 Federal Home Loan Banks until the enactment of the Housing and Economic Recovery Act of 2008 merged it with the "Office of Federal Housing Enterprise Oversight":http://www.ofheo.gov (OFHEO), and the "Department of Housing and Urban Development's":http://www.hud.gov (HUD) government-sponsored enterprise (GSE) mission team, to create the Federal Housing Finance Agency (FHFA) in July, 2008. The FHFA is a subset of HUD.
Rosenfeld was appointed and designated chairman by President George W. Bush in December, 2004, and assumed the role after Senate confirmation one month later.
On October 27, 2008, OFHEO director, James Lockhart, who has assumed the role of FHFA director, appointed three deputy directors, including Stephen Cross, who will oversee the Division of Federal Home Loan Bank Regulation, the primary function of the former board.
The FHFB will cease to exist on July 30, but the board has already been integrated with the other organizations.
The other deputy directors Lockhart appointed are:
Edward DeMarco, senior deputy director, COO and deputy director for Housing Mission and Goals
Chris Dickerson, deputy director of the Division of Enterprise Regulation
David Lee, chief administrative officer

About Author: Austin Kilgore


Check Also

President Biden Announces Housing Supply Action Plan

Record high home prices pushed up by record low levels has been a persistent problem ...

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.