2.1: Authorities
Support efforts to strengthen OFHEO’s authorities. Other Information:
Means and Strategies:▲ Support statutory changes to strengthen OFHEO’s regulatory toolsthrough research and analysis related
to the risks of the Enterprisesand risks in the secondary mortgage market, including potentialsystemic risk associated with
the Enterprises. Conduct historical,financial and comparative analyses to clarify the need for and scopeof statutory changes.▲
Identify risks, issues and emerging trends that are internal or externalto the Enterprises and affect OFHEO’s ability to carry
out itsresponsibilities. Make recommendations to Congress on any neededstatutory changes to OFHEO’s authorities to ensure
the Enterprises’safety and soundness. Examples include broader flexibility in settingcapital standards that better measure
risk, including economiccapital, and limiting growth of the Enterprises’ portfolios.▲ Analyze legislative proposals and the
effects of possible changes.▲ Respond to requests from other Federal agencies and Congress onalternative approaches to implement
OFHEO-recommended statutorychanges and to explain the need for change.▲ Conduct outreach to the housing and mortgage finance
industry andother stakeholders to explain the need for statutory changes andpossible effects of those changes, and to gather
their input.
Indicator(s):
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