News release: “James B. Lockhart, Director of the Federal Housing Finance Agency (FHFA), announced the formal integration of three agencies into FHFA…FHFA, created July 30 in the Housing and Economic Recovery Act (HERA) to oversee Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks, combines the Office of Federal Housing Enterprise Oversight (OFHEO), the Federal Housing Finance Board (FHFB), and the Department of Housing and Urban Development’s government-sponsored enterprise (GSE) mission team…FHFA’s mission is to promote a stable and liquid mortgage market, affordable housing and community investment through safety and soundness oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.”