Dictionary of Banking Terms: Federal Housing Finance Board (FHFB)
Federal Housing Finance Board (FHFB)
independent federal agency created by the 1989 savings and loan bailout law to supervise the 11 Federal Home Loan Banks. The board has five members, including the secretary of Housing and Urban Development, and four directors appointed by the president with Senate confirmation to serve seven-year terms. At least one director represents the interests of community groups.
Dictionary of Finance and Investment Terms: Federal Housing Finance Board (FHFB)
Federal Housing Finance Board (FHFB)
U.S. government agency created by Congress in 1989 to assume oversight of the federal home loan bank system from the dismantled Federal Home Loan Bank Board.
