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Mortgage Regulator Finalizes Capital Requirement Rule

Thursday, November 19, 2020

The Federal Housing Finance Agency (FHFA) has reached another milestone as it tries to resolve the 12-year conservatorship of the GSEs. On Wednesday it released a new regulatory capital framework for Fannie Mae and Freddie Mac. The final rule, a revision of a proposal made in 2018, reflects the 128 comments made on the 2018 proposal and well as other outreach to stakeholders.

FHFA says the final rule fulfills Congress's mandate in Housing and Economic Recovery Act of 2008 that FHFA establish risk-based capital requirements for the GSEs. It is intended to ensure their safety and soundness by increasing the quantity and quality of their regulatory capital and reducing the pro-cyclicality of the aggregate capital requirements.

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