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ABA: The American Bankers Association
Statement

ABA Statement on FHFA Capital Proposal for Fannie Mae and Freddie Mac

“We welcome FHFA and Director Calabria’s revisiting of the GSE capital proposal. ABA has long advocated that Fannie Mae and Freddie Mac require appropriate capitalization to reduce the risk to U.S. taxpayers, as well as a proper regulatory structure to allow for the efficient functioning of mortgage markets in all conditions.

“Today’s proposal sets forth a necessary framework to establish appropriate capital levels that could lead to a detailed and thoughtful exit strategy from conservatorship for the GSEs. We look forward to reviewing the proposal further and working with regulators on this important issue going forward.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $20.3 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $15.8 trillion in deposits and extend nearly $11 trillion in loans.

Press Contact

Blair Bernstein

(202) 663-5468

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