The FHFA in 2011 filed suit first against UBS then against 17 other financial institutions accusing them of misrepresenting about $200 billion in mortgage-backed securities sold to Fannie Mae and Freddie Mac. The suits, some of which name individual defendants, allege a variety of violations of federal securities law and common law and paint “a damning portrait of the excesses of the housing bubble.” The suits seek a variety of damages and civil penalties. This Act does not apply to any credit union, bank, banking association, trust company, savings bank, or savings and loan association authorized to do business under the laws of this State or of the United States. All information contained on the following Web pages is obtained from the Agency’s books and records, and is believed to be accurate and reliable. Reference should be made to the official statement and operative documents of each series of bonds referred to herein for complete information on that issue.
- National Designated Authority serves as the focal point between a country and the Green Climate Fund .
- Every licensee shall preserve the records of each of its transactions for at least 2 years after making the final entry for that transaction.
- At the time of his confirmation, the chair of the Senate Banking Committee said that Calabria had committed to working with the Senate toward ending the conservatorship over Fannie Mae and Freddie Mac.
- For information concerning the relationship between statutes and Public Acts, refer to the Guide.
Click here to access the Suspended Counterparty Program regulation and the list of suspended individuals and entities. This annual report describes FHFA’s accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide. Home ownership doesn’t have to feel like a far off, lofty dream. The NC Home Advantage Mortgage™ has helped thousands like you finance a new home. The NC Homeowner Assistance Fund is being supported, in whole or in part, by federal award number HAF0019 awarded to the State of North Carolina by the US Department of the Treasury. Membership of either House of Oireachtas or European Assembly by directors, officers or servants of Agency.
FOSTER competitive, liquid, efficient, and resilient national housing finance markets that support sustainable homeownership and affordable rental housing; OPERATE in a safe and sound manner appropriate for entities in conservatorship; and PREPARE for eventual exits from the conservatorships. Any person who engages in business as a sales finance agency without the license required by this Act shall be guilty of a Class 4 felony. The Agency provides financing through the sale of tax-exempt bonds and management of federal tax credit programs, the federal HOME Program, the state and national Housing Trust Funds, and other programs. For future home owners and housing developers, ADFA programs support the construction and preservation of affordable housing in Arkansas. In its written comments on a draft of this report, FHFA stated that it was pleased to accept GAO’s audit opinions and that it will continue to work to enhance its internal control and ensure the reliability of its financial reporting, the soundness of its operations, and public confidence in its mission.