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    <title>The Federal Register</title>
    <link>http://thefederalregister.com/b.p/agency/Federal_Housing_Enterprise_Oversight_Office/2002-01-25/</link>
    <description>Daily Publications of Meetings and Rules Changes for the Federal Government</description>
    <pubDate>Tue, May 21 2013 11:00:00 GMT</pubDate>
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  <title><![CDATA[  Prompt Supervisory Response and Corrective Action ]]></title>
  <link>http://thefederalregister.com/d.p/2002-01-25-02-1842</link>
  <description><![CDATA[ The Office of Federal Housing Enterprise Oversight (OFHEO) is 
issuing a final rule to set forth the procedures by which OFHEO 
administers the Federal Housing Enterprises Financial Safety and 
Soundness Act of 1992, under which OFHEO takes prompt corrective action 
in response to specified declines in the capital levels of the Federal 
National Mortgage Association (Fannie Mae) and the Federal Home Loan 
Mortgage Corporation (Freddie Mac) (collectively, the Enterprises). The 
rule also implements a system of prompt supervisory responses to be 
taken whenever developments internal or external to an Enterprise, as 
identified by the agency on a casebycase basis, may warrant special 
supervisory review by OFHEO. The initiation of a special supervisory 
review pursuant to such a procedure does not of itself indicate that an 
Enterprise is in an unsound condition; rather, it means only that OFHEO 
is undertaking a focused inquiry to ascertain the likely consequences 
of a particular development or developments f<script type="text/javascript">
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  <guid>http://thefederalregister.com/d.p/2002-01-25-02-1842</guid>
  <pubDate>Fri, Jan 25 2002 11:00:00 GMT</pubDate>
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