More than five months after his agency became part of the Federal Housing Finance Agency, Ronald Rosenfeld resigned Dec. 31 as the chairman of the Federal Housing Finance Board.
The resignation, announced Tuesday, capped Mr. Rosenfeld's often tumultuous four years as the lead supervisor of the 12 Federal Home Loan banks. During his tenure the industry fought a retained earnings proposal, and the Home Loan Bank of Dallas made an ill-fated attempt to buy the Home Loan Bank of Chicago.
But Mr. Rosenfeld was also credited with creating a more cohesive atmosphere at the Finance Board, which had been rocked by troubles before his arrival.
"Under his leadership, the Federal Housing Finance Board took steps to strengthen the oversight of the Federal Home Loan banks and encouraged the banks to adopt policies that are in the best interests of the public," FHFA Director James Lockhart said in a press release.