The Office of Federal Housing Enterprise Oversight last week wrapped up a non-controversial rulemaking project that bolsters the agency’s efforts to issue policy statements on various Fannie and Freddie activities. OFHEO has already issued three such policy guidelines since the end of 2000, covering a broad range of GSE operating procedures, Fannie’s and Freddie’s non-mortgage investments and information system security issues. In June of this year, the agency proposed a regulation that spells out