OFHEO Gets its First GOP Director, and Perhaps a More Aggressive Regulatory Environment for Fannie and Freddie
May 4, 2006
The Bush administration has finally installed its own man as chief financial regulator for Fannie Mae and Freddie Mac, perhaps signaling a more aggressive approach to using existing authority rather than wait for comprehensive reform of the government-sponsored enterprises from Congress. James Lockhart this week took over as acting director at the Office of Federal Housing Enterprise Oversight, making him the first Republican to hold the post in the agency’s history. Said to be a…