Armando Falcon
Encyclopedia
Armando Falcon, Jr. is the former Director of the Office of Federal Housing Enterprise Oversight
(OFHEO), a position he held from 1999-2005. During this period, he led an investigation of financial misconduct at Fannie Mae and Freddie Mac, is credited with raising early warning signs about the risks posed by both companies.
Before joining the Banking Committee, Falcon worked briefly as a private attorney and as a law clerk to the Texas Attorney General from 1986-1988.
Since 2009, Falcon has served on the advisory board of the Comptroller General of the Government Accountability Office. In addition, he is the CEO of Falcon Capital Advisors, a Washington-based consulting firm.
at Harvard University
and an undergraduate degree from St. Mary's University
in San Antonio, TX.
Office of Federal Housing Enterprise Oversight
The Office of Federal Housing Enterprise Oversight was an agency within the Department of Housing and Urban Development. It was charged with ensuring the capital adequacy and financial safety and soundness of two government sponsored enterprises—the Federal National Mortgage Association and the...
(OFHEO), a position he held from 1999-2005. During this period, he led an investigation of financial misconduct at Fannie Mae and Freddie Mac, is credited with raising early warning signs about the risks posed by both companies.
Career
Prior to OFHEO, Falcon served on the legal staff of the Committee on Banking and Financial Services in the U.S. House, where he joined as Counsel in 1989 and was promoted to General Counsel in 1995. While at the Banking Committee, he acted as an adviser on many major financial issues, including the Savings and Loan crisis, and also helped to draft legislation regarding the Export-Import Bank, Deposit Insurance, Anti-Money Laundering, the Community Development Act and Government Securities Reform. He was also involved in the oversight of all financial regulators including the World Bank, the IMF, multilateral development banks, the Federal Reserve, the Office of the Comptroller of the Currency and other banking regulators.Before joining the Banking Committee, Falcon worked briefly as a private attorney and as a law clerk to the Texas Attorney General from 1986-1988.
Since 2009, Falcon has served on the advisory board of the Comptroller General of the Government Accountability Office. In addition, he is the CEO of Falcon Capital Advisors, a Washington-based consulting firm.
Education
Falcon holds a J.D. from The University of Texas School of Law, as well as a masters in public policy from the John F. Kennedy School of GovernmentJohn F. Kennedy School of Government
The John F. Kennedy School of Government at Harvard University is a public policy and public administration school, and one of Harvard's graduate and professional schools...
at Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
and an undergraduate degree from St. Mary's University
St. Mary's University, Texas
St. Mary's University is a Catholic and Marianist liberal arts institution located on northwest of downtown San Antonio, Texas, United States. St. Mary’s is a nationally recognized master’s level school ranked among the top colleges in the west for best value and academic reputation by U.S. News...
in San Antonio, TX.