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Federal Housing Finance Agency
The Federal Housing Finance Agency (FHFA) is an independent federal agency in the United States created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U.S. Department of Housing and Urban Development government-sponsored enterprise mission team, absorbing the powers and regulatory authority of both entities, with expanded legal and regulatory authority, including the ability to place government sponsored enterprises (GSEs) into receivership or conservatorship. In its role as regulator, it regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks (FHLBanks, or FHLBank System). It is wholly separate from the Federal Housing Administration, which largely provides mortgage insurance. In September 2019, the Fifth Circuit Court of Appeals, in an ''en banc'' opinion, ruled that the structure of the FHFA violated constitutional separation of powers because its director cou ...
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Federal Housing Finance Board
The Federal Housing Finance Board (FHFB) was an independent agency of the United States government established in 1989 in the aftermath of the savings and loan crisis to take over management of the Federal Home Loan Banks (FHLBs or FHLBanks) from the Federal Home Loan Bank Board (FHLBB), and was superseded by the Federal Housing Finance Agency (FHFA) in 2008. The FHFB managed the nation's Federal Home Loan Banks (FHLBs). The eleven regional FHLBs are privately held government sponsored enterprises that ensure the supply of funds to local lenders that, in turn, finance loans for home mortgages. Operations The FHFB was headquartered in Washington, D.C. and led by a five-member board. Four board members were appointed by the President for seven-year terms, and the fifth member was either the Secretary of Housing and Urban Development or the Secretary's designee. The FHFB was entirely funded by fees assessed to Federal Home Bank Loans, and did not directly receive taxpayer fund ...
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Henry M
Henry may refer to: People * Henry (given name) * Henry (surname) * Henry Lau, Canadian singer and musician who performs under the mononym Henry Royalty * Portuguese royalty ** King-Cardinal Henry, King of Portugal ** Henry, Count of Portugal, Henry of Burgundy, Count of Portugal (father of Portugal's first king) ** Prince Henry the Navigator, Infante of Portugal ** Infante Henrique, Duke of Coimbra (born 1949), the sixth in line to Portuguese throne * King of Germany ** Henry the Fowler (876–936), first king of Germany * King of Scots (in name, at least) ** Henry Stuart, Lord Darnley (1545/6–1567), consort of Mary, queen of Scots ** Henry Benedict Stuart, the 'Cardinal Duke of York', brother of Bonnie Prince Charlie, who was hailed by Jacobites as Henry IX * Four kings of Castile: ** Henry I of Castile ** Henry II of Castile ** Henry III of Castile ** Henry IV of Castile * Five kings of France, spelt ''Henri'' in Modern French since the Renaissance to italianize the ...
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Collins V
Collins may refer to: People Surname Given name * Collins O. Bright (1917–?), Sierra Leonean diplomat * Collins Chabane (1960–2015), South African Minister of Public Service and Administration * Collins Cheboi (born 1987), Kenyan middle-distance runner * Collins Denny (1854–1943), American Bishop of the Methodist Episcopal Church, South * Collins Denny Jr. (1899–1964), American pro-segregationist lawyer. * Collins Hagler (born 1935), Canadian football player * Collins Injera (born 1986), Kenyan rugby player * Collins H. Johnston (1859–1936), American football player, medical doctor, surgeon, and civic leader * Collins John (born 1985), Liberia-born Dutch footballer * Collins Mbesuma (born 1984), Zambian footballer nicknamed ''The Hurricane'' or ''Ntofontofo'' * Collins Mensah (born 1961), Ghanaian sprinter * Collins Nweke (born 1965), Belgian politician of the Green Party * Collins Obuya (born 1981), Kenyan cricketer Companies * Collins Aerospace, avionics manufactu ...
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Mark A
Mark may refer to: Currency * Bosnia and Herzegovina convertible mark, the currency of Bosnia and Herzegovina * East German mark, the currency of the German Democratic Republic * Estonian mark, the currency of Estonia between 1918 and 1927 * Finnish markka ( sv, finsk mark, links=no), the currency of Finland from 1860 until 28 February 2002 * Mark (currency), a currency or unit of account in many nations * Polish mark ( pl, marka polska, links=no), the currency of the Kingdom of Poland and of the Republic of Poland between 1917 and 1924 German * Deutsche Mark, the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until 2002 * German gold mark, the currency used in the German Empire from 1873 to 1914 * German Papiermark, the German currency from 4 August 1914 * German rentenmark, a currency issued on 15 November 1923 to stop the hyperinflation of 1922 and 1923 in Weimar Germany * Lodz Ghetto mark, a special currency for Lodz Ghe ...
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Joseph Otting
Joseph M. Otting (born 1957) is an American businessman and government official. He served as the 31st Comptroller of the Currency from November 27, 2017Reuters (November 27, 2017).Joseph Otting, former banker, sworn in as top U.S. bank regulator Retrieved December 6, 2017. to May 29, 2020.OCC (May 21, 2020)." Retrieved May 21, 2020. Early life and education Otting grew up in Maquoketa, Iowa, the son of Grace and James Otting.Straehley, Steve, and David Wallechinsky (July 7, 2017). Comptroller of the Currency: Who Is Joseph Otting? AllGov. Retrieved December 5, 2017. He holds a Bachelor of Arts degree in management from the University of Northern Iowa, which he received in 1981. He is also a graduate of the School of Credit and Financial Management, a multi-year program that includes four-weeks of classroom instruction offered by the National Association of Credit Management, which was held at Dartmouth College at the time he attended in 1992.
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Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pennsylvania with a bachelor's degree in 1968. He became president of his father's real estate business in 1971 and renamed it The Trump Organization. He expanded the company's operations to building and renovating skyscrapers, hotels, casinos, and golf courses. He later started side ventures, mostly by licensing his name. From 2004 to 2015, he co-produced and hosted the reality television series '' The Apprentice''. Trump and his businesses have been involved in more than 4,000 state and federal legal actions, including six bankruptcies. Trump's political positions have been described as populist, protectionist, isolationist, and nationalist. He won the 2016 United States presidential election as the Republican nominee against Democratic ...
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Nuclear Option
In the United States Senate, the nuclear option is a parliamentary procedure that allows the Senate to override a standing rule by a simple majority, avoiding the two-thirds supermajority normally required to invoke cloture on a resolution to amend Senate rules. The nuclear option can be invoked by a senator raising a point of order that contravenes a standing rule. The presiding officer would then overrule the point of order based on Senate rules and precedents; this ruling would then be appealed and overturned by a simple majority vote (or a tie vote), establishing a new precedent. The nuclear option is made possible by the principle in Senate procedure that appeals from rulings of the chair on points of order relating to nondebatable questions are themselves nondebatable. Since cloture is a nondebatable question, the appeal is decided without debate. This obviates the usual requirement for a two-thirds majority to invoke cloture on a resolution amending the standing rules. ...
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Mel Watt
Melvin Luther Watt (born August 26, 1945) is an American politician who served as director of the Federal Housing Finance Agency from 2014 to 2019. He was appointed by President Barack Obama. He is a former United States Representative for , from 1993 to 2014. He is a member of the Democratic Party. A lawyer from Charlotte, North Carolina, Watt served one term as a state senator and was the campaign manager for Charlotte mayor Harvey Gantt. On May 1, 2013, President Barack Obama nominated Watt to lead the Federal Housing Finance Agency, which, among other agencies, administers or has oversight for the FHA, Fannie Mae, and Freddie Mac. The U.S. Senate confirmed Watt on December 10, 2013, and he resigned from the House on January 6, 2014. On September 27, 2018, Watt was called to testify before Congress about allegations that he had sexually harassed a female employee at the Federal Housing Finance Agency. On November 29, 2018, Watt was found guilty of two counts of misconduct ...
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Barack Obama
Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party (United States), Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004, and previously worked as a civil rights lawyer before entering politics. Obama was born in Honolulu, Hawaii. After graduating from Columbia University in 1983, he worked as a Community organizing, community organizer in Chicago. In 1988, he enrolled in Harvard Law School, where he was the first black president of the ''Harvard Law Review''. After graduating, he became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. Turning to elective politics, he Illinois Senate career of Barack Obama, repre ...
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Edward DeMarco
Edward Joseph DeMarco is an American government official who served as the acting director of the Federal Housing Finance Agency (FHFA), the conservator for Fannie Mae and Freddie Mac, from 2009 through 2014. According to DeMarco, FHFA's mandate from Congress is to preserve and conserve the assets of Fannie Mae and Freddie Mac. " their current state that translates directly into minimizing taxpayer losses. We are also charged with ensuring stability and liquidity in housing financing and maximizing assistance to homeowners." Early Career and Education DeMarco received a B.A. in Economics from the University of Notre Dame and a Ph.D. in Economics from the University of Maryland (1991). His thesis at U. Maryland was ''Taxes in a model of bank portfolio choice''. DeMarco worked in the U.S. General Accounting Office for seven years (1986-1993). He then worked at the U.S. Treasury as director of the Office of Financial Institutions Policy (1993-2003) where he oversaw analyses ...
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US Bancorp
U.S. Bancorp (stylized as us bancorp) is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. It has 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States. It is ranked 117th on the Fortune 500, and it is considered a systemically important bank by the Financial Stability Board. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S. U.S. Bancorp operates under the second-oldest continuous national charter, origina ...
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TIAA-CREF
The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA, formerly TIAA-CREF), is a Fortune 100 financial services organization that is the leading provider of financial services in the academic, research, medical, cultural and governmental fields. TIAA serves over 5 million active and retired employees participating at more than 15,000 institutions and has $1 trillion in combined assets under management with holdings in more than 50 countries (). Profile Long organized as a tax-exempt non-profit organization, a 1997 tax bill removed TIAA's tax exemption. It is now organized as a non-profit organization, the TIAA Board of Governors, with taxable subsidiaries; all profits are returned to policyholders. TIAA bought its Manhattan headquarters building, 730 Third Avenue, in 1955. It has major offices in Denver, Colorado; Charlotte, North Carolina; and Dallas, Texas; as well as 70 local offices throughout the U.S. In 2018, TIAA ranke ...
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