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Simple English definitions for legal terms

Office of Federal Housing Enterprise Oversight

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A quick definition of Office of Federal Housing Enterprise Oversight:

Office of Federal Housing Enterprise Oversight: A part of the U.S. government that makes sure two big companies that help people buy homes (Fannie Mae and Freddie Mac) are doing well with their money. It's like a watchdog to make sure they're being responsible with their finances. We call it OFHEO for short.

A more thorough explanation:

The Office of Federal Housing Enterprise Oversight (OFHEO) is a department within the U.S. Department of Housing and Urban Development. Its main responsibility is to ensure the financial safety and stability of two government-sponsored enterprises: the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

OFHEO was created in 1992 in response to concerns about the financial health of Fannie Mae and Freddie Mac. The agency has the authority to examine the books and records of these enterprises, as well as to set capital requirements and other safety and soundness standards.

For example, if OFHEO determines that Fannie Mae or Freddie Mac is not meeting its financial obligations, it can require the enterprises to take corrective action. This might include raising additional capital, reducing their portfolios, or changing their business practices.

Overall, OFHEO plays an important role in ensuring the stability of the U.S. housing market by monitoring the financial health of these two key players.

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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