Acting OFHEO Chief Sees Need to Study GSE Systemic Risk, House Lawmakers Urge ‘Other Body’ to Move Legislation
June 8, 2006
In his maiden appearance in Congress as a regulator, James Lockhart, acting director of the Office of Federal Housing Enterprise Oversight, this week said finding the appropriate methodology for dealing with systemic and operational risks is crucial before acting to restrict Fannie Mae’s and Freddie Mac’s portfolio growth. …