Armando Falcon

Armando Falcon, Jr. (born June 4, 1960) is the former Director of the Office of Federal Housing Enterprise Oversight (OFHEO),[1] a position he held from 1999 to 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.

[2] The end result of the investigation led by Armando Falcon against Fannie Mae accounting – No misconduct by Fannie Mae CFO J. Timothy Howard and special recognition by the judge in the subject case of Mr. Howard's honest and ethical performance of his duties.

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.

Since 2009, Falcon has served on the advisory board of the Comptroller General of the Government Accountability Office.