United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2008-03-06 monographic deposited born digital 18 p. GA 1.13:GAO-08-563T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-563T P0b002ee18038c792 f:d08563t DGPO 2010-08-12 2011-03-23 GAOREPORTS-GAO-08-563T machine generated eng fdlp REPORT GAOREPORTS-GAO-08-563T GAO-08-563T Accounting standards Agency missions Government sponsored enterprises Housing Housing programs Lending institutions Mortgage programs Regulatory agencies Reporting requirements Risk management Testimony A81222 The housing government-sponsored enterprises (GSEs)--Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System (FHLBank System), play a critical role in the nation's housing finance system. However, concerns exist that the fragmented federal oversight structure for the GSEs is not well positioned to help ensure that they operate in a safe and sound manner and fulfill their housing missions. This testimony provides information on the GSEs' missions and risks, the current regulatory structure, and proposed regulatory reforms. To prepare this testimony, GAO relied on a substantial body of previous work and updated its analysis in light of recent events. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-563T/html/GAOREPORTS-GAO-08-563T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-563T/pdf/GAOREPORTS-GAO-08-563T.pdf GAO-08-563T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-563T Testimony GAO-08-563T; Housing Government-Sponsored Enterprises: A Single Regulator Will Better Ensure Safety and Soundness and Mission Achievement; Accounting standards Agency missions Government sponsored enterprises Housing Housing programs Lending institutions Mortgage programs Regulatory agencies Reporting requirements Risk management