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Housing and Economic Recovery Act

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FHFA’s Lockhart Teams with Wilbur Ross on Distressed Investments 

Aug 20, 2009By

Yet another housing official has found a new role in the financial market. James Lockhart III, chairman and CEO of the Oversight Board of the Federal Housing Finance Agency (FHFA), will soon become vice chairman of WL Ross & Co., the distressed investment affiliate of Invesco [stock IVZ][/stock]. He takes the role in September.