Federal energy efficiency management program (femp)
A program of the U.S. Department of Energy (DOE) that implements energy legislation and presidential directives. FEMP provides project financing, technical guidance and assistance, coordination and reporting, and new initiatives for the federal government. It also helps federal agencies identify the best technologies and technology demonstrations for their use.
Federal energy efficiency regulatory commission (ferc)
This is an independent regulatory agency within the U.S. DOE that has jurisdiction over interstate electricity sales, wholesale electric rates, natural gas pricing, oil pipeline rates, and gas pipeline certification. It also licenses and inspects private, municipal, and state hydroelectric projects and oversees related environmental matters.
Federal fair housing law
Originally passed as Title VIII of the Civil Rights Act of 1968, it prohibits discrimination in the sale or rental of residential dwelling units or vacant land on the basis of color, national origin, race, religion or sex.
Federal home loan bank board (fhlbb)
Federal agency that monitors the federal savings and loan associations and federally insured state-chartered S&Ls and acts as a central bank. In addition, it operated the Federal Savings and Loan Insurance Corporation (FSLIC).
Federal home loan bank system
A federally created banking system intended to assure liquidity to qualified thrift lenders, twelve regional Federal Home Loan Banks are directed since 1932 by the Federal Home Loan Bank Board (FHLBB). The regulatory functions went to the Office of Thrift Supervision, which was established to replace the Federal Home Loan Bank Board as part of the Financial Institutions Reform, Recovery and Enforcement Act of 1988 (FIRREA).
Federal home loan mortgage corporation (freddie mac or fhlmc)
A governments sponsored agency that buys and sells mortgages in the secondary market.
Federal housing administration (fha)
Government agency that operates a variety of home-loan programs. Its most popular program provides low-rate mortgages to buyers making a down payment as low as 3 per cent. (Section 203 (b)).
Federal housing administration insured mortgages
Mortgages insured by the Federal Housing Administration (FHA). FHA insurance is intended to make more housing available and to safeguard the lender against risk of nonpayment.
Federal housing finance board
Federal agency created under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) to regulate and supervise the 12 district Federal Home Loan Banks. The functions of the Board were the responsibility of the Federal Home Loan Board prior to passage of the Act.
Federal national mortgage association (fannie mae or fnma)
A government sponsored corporation that buys and sells loans in the secondary market.
