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Home » Store » Taxable » New Compliance Official Joins Restructured OFHEO

New Compliance Official Joins Restructured OFHEO

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The Office of Federal Housing Enterprise Oversight took steps last week to catch the next GSE accounting scandal before it erupts by creating several new watchdog positions within the agency. According to a final rule published in the April Federal Register, OFHEO has established an Office of Compliance and an Office of Chief Accountant. The agency was criticized last year for failing to detect control problems at Freddie Mac, and OFHEO Director Armando Falcon
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