OFHEO's Top Supervisor Retiring

The Office of Federal Housing Enterprise Oversight's top supervisor, Leonard Reid -- who has been overseeing Fannie Mae's and Freddie Mac's efforts to correct their accounting problems -- is retiring, according to the agency.Mr. Reid joined OFHEO in 2001 and became the agency's first director of supervision in March 2006. "I am very grateful for his stewardship during the completion of the special examination of Fannie Mae and his leadership in overseeing the remediation efforts under way at Fannie Mae and Freddie Mac," OFHEO Director James Lockhart said. In other personnel news, Freddie Mac said it has hired Patti Saylor to be vice president with responsibilities for multifamily customer and product strategy. Ms. Saylor was previously a managing director at Centerline Capital Group, New York.