The Office of Federal Housing Enterprise Oversight has promoted its chief examiner, Christopher H. Dickerson, to head the agency's supervision division.Mr. Dickerson is a 10-year OFHEO veteran, and during that time Fannie Mae's and Freddie Mac's top executives were ousted due to accounting scandals and the two mortgage giants have rebuilt their accounting systems and internal controls. "Chris's in-depth knowledge of Fannie Mae and Freddie Mac -- the people, problems, and progress -- will enhance OFHEO's efforts to ensure the future safety and soundness of these important institutions," OFHEO Director James Lockhart said. The new supervision director replaces Len Reid, who retired recently.
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