After extensive efforts to receive a significant increase in funding for fiscal year 2001, the Office of Federal Housing Enterprise Oversight was not awarded its full request, though allocations were higher than this year's budget.

OFHEO, the safety and soundness regulator for Fannie Mae and Freddie Mac, submitted its budget proposal to the House Appropriations Subcommittee on Veteran's Affairs, HUD and Independent Agencies February 7. It requested $26.7 million, up from the $19.4 million it received this year. The increase was mainly to increase staff.

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