FHFA Budget To Grow 15% In FY 2010

The Federal Housing Finance Agency (FHFA) will have a $139.3 million budget in fiscal year 2010 – a 15% increase over fiscal year 2009's $120.8 million budget.

The FHFA will also issue a special assessment of $10.4 million on Fannie Mae and Freddie Mac for the costs of certain conservatorship activities, according to FHA Acting Director Edward J. DeMarco.
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The budget increase reflects more resources devoted to the examination and supervision of Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks, as well as the expanded use of technology to enhance the supervision and regulation of the government-sponsored enterprises and the FHLBanks.

Additionally, the budget supports 466 full-time equivalent positions.

SOURCE: FHFA

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