The Federal Housing Finance Agency (FHFA) integrated three agencies under its umbrella.
The Office of Federal Housing Enterprise Oversight (OFHEO), the Federal Housing Finance Board (FHFB), and the Department of Housing and Urban Developments government-sponsored enterprise (GSE) mission team are now under the FHFA.
The government agency also appointed three OFHEO and FHFB veterans to the deputy director positions: Edward DeMarco as senior deputy director, chief operating officer and deputy director for housing mission and goals; Stephen Cross as deputy director of the division of Federal Home Loan Bank regulation; Chris Dickerson as the deputy director of the division of enterprise regulation; and David Lee, the Federal Housing Finance Boards director of the office of management, as FHFAs chief administrative officer.
FHFA also established the new agencys Web site, www.FHFA.GOV. The new site provides links to the existing OFHEO and FHFB sites. In the next few months, FHFA will complete the transfer of the content from those sites to the new FHFA site.