The Department of Housing and Urban Development has promoted Paul B. Manchester to head up the research division that analyzes Fannie Mae and Freddie Mac data for mission compliance.Mr. Manchester previously served as a senior economist at the financial institutions regulation division, which provides analytical support for HUD's regulatory oversight of the two government-sponsored enterprises. This includes research for setting the affordable housing goals and evaluating the GSEs' loan-level data to ensure compliance with the goals. If Congress passes GSE reform legislation, Mr. Manchester's division might be transferred to a new regulatory agency created to supervise Fannie, Freddie, and the Federal Home Loan Banks.
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