Federal Housing Finance Agency Director Mark Calabria today signaled his intention to re-propose regulations for capital requirements for Fannie Mae and Freddie Mac. Calabria said he expects the proposal to come sometime in 2020.
“The 2018 capital rule was proposed before FHFA began the process of retaining capital at the enterprises as a first step toward ending the conservatorships,” Calabria said. “In fairness to all interested parties, the comments submitted during the previous rulemaking were submitted under a different set of assumptions about the future of the Enterprises. During the process of the rulemaking, important issues were identified that will be addressed in the re-proposal.”
The agency also issued a performance and accountability report for 2019 focusing on its efforts to meet three goals, including: ensuring the GSEs operate in a safe and sound manner, preparing the GSEs to exit conservatorship and foster competitive, liquid, efficient and resilient national housing finance markets.