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FHFA to re-propose Enterprise Capital Rule
The Federal Housing Finance Agency has announced plans to re-propose the entire regulation on capital requirements for Fannie Mae and Freddie Mac sometime in 2020. FHFA Director Mark Calabria stated, "The 2018 Capital Rule was proposed before FHFA began the process of retaining capital at the Enterprises as a first step toward ending [their] conservatorships. 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."