Legal Definitions - OFHEO

OFHEO

OFHEO stands for Office of Federal Housing Enterprise Oversight. It is a government agency that oversees the activities of two important housing finance companies in the United States: Fannie Mae and Freddie Mac.

OFHEO was created in 1992 to ensure that Fannie Mae and Freddie Mac operate in a safe and sound manner, and to protect the interests of investors, homebuyers, and taxpayers.

OFHEO has the authority to examine the books and records of Fannie Mae and Freddie Mac, and to take corrective actions if necessary.

OFHEO is an important agency that helps to ensure the stability of the housing finance market in the United States. By overseeing the activities of Fannie Mae and Freddie Mac, OFHEO helps to protect the interests of investors, homebuyers, and taxpayers. The examples illustrate how OFHEO has the authority to examine the books and records of these companies, and to take corrective actions if necessary, in order to ensure that they operate in a safe and sound manner.