FHFA proposes modification of capital rules for Fannie and Freddie

fhfa proposes modification of capital rules for fannie and freddie

Sumary of FHFA proposes modification of capital rules for Fannie and Freddie:

  • In a proposal issued Wednesday, acting FHFA Director Sandra Thompson said the refinements the agency is looking to implement would enable the government-sponsored enterprises “to support the housing market throughout the economic cycle in a safe and sound manner.
  • In a fact sheet describing the proposed revisions, FHFA said the changes would align the GSEs’ capital requirements more closely with the leverage requirements codified in the Basel accords for global systemically important banks.
  • In a fact sheet describing the proposed revisions, the agency said the changes would align the GSEs’ capital requirements more closely with the leverage requirements codified in the Basel accords for global systemically important banks.
  • “The proposed requirements provide the Enterprises with the necessary incentives to support sustainable lending initiatives by transferring a significant amount of credit risk away from the taxpayers to private investors that are better positioned to take this risk,” Thompson said in a statement.

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