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ABA: The American Bankers Association
Compliance News

ABA Publishes Summary of Recent GSE Capital Re-proposal

ABA has published a summary of the Federal Housing Finance Agency's recent re-proposal of capital rules for Fannie Mae and Freddie Mac, which was published in the Federal Register on June 30. The rules were originally proposed by FHFA in 2018, but were never finalized.

The current proposal would require Fannie and Freddie to hold approximately $244 billion in combined capital, far higher than the capital levels they currently hold under the terms of conservatorship. It would also add a significant number of capital buffers that are similar in many ways to bank capital regulation. Comments on the proposal are due August 31.

ABA is currently in the process of reviewing the proposal and will submit a comment letter. Bankers interested in providing feedback to inform the association’s response should contact ABA’s Joe Pigg for more information.