Housing Finance Regulatory Improvement Act

[AI summary unavailable — showing source text] Housing Finance Regulatory Improvement Act - Title I: Housing Finance Oversight Board - Subtitle A: Improvement of Supervision - Amends the Housing and Community Development Act of 1992 to establish the Housing Finance Oversight Board in lieu of the existing Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), the Federal Housing Finance Board, and specified government sponsored enterprise (enterprises) authority of the Secretary of Housing and Urban Development. Directs the Board to ensure that the enterprises and the Federal home loan banks (banks) operate in a financially safe manner and remain adequately capitalized. (Sec. 103) Provides for public disclosure of information that would increase the efficiency of the secondary mortgage market or the housing finance system. (Sec. 105) Subjects the banks to Board assessment authority. (Sec. 109) Eliminates specified enterprise regulatory authority of HUD. (Sec. 110) Grants the Board prior approval authority over new activities of the banks and enterprises. (Sec. 111) Authorizes the Board to limit enterprise and bank nonmission-related assets. (Sec. 112) Amends the Federal National …