The Federal Housing Finance Board (FHFB) was an independent agency of the United States government established in 1989 in the aftermath of the savings and loan crisis to take over management of the Federal Home Loan Banks (FHLBs or FHLBanks) from the Federal Home Loan Bank Board (FHLBB), and was superseded by the Federal Housing Finance Agency (FHFA) in 2008.[1]
The FHFB managed the nation's Federal Home Loan Banks (FHLBs).[1] The eleven regional FHLBs are privately held government sponsored enterprises that ensure the supply of funds to local lenders that, in turn, finance loans for home mortgages.
^ abFederal Housing Finance Board: Actions Needed to Improve Regulatory Oversight. Government Accountability Office. 18 September 1998. p. 18. It also abolished the FHLBank Board and transferred its other functions to FHFB, including a number of management functions and existing FHLBank Board policies.
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