Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
FHFA proposes Enterprise Liquidity Requirements
The Federal Housing Finance Agency (FHFA) has announced a proposed rule regarding liquidity requirements for Fannie Mae and Freddie Mac (the Enterprises). The proposal builds on existing FHFA guidance and the experience gained from managing the Enterprises' liquidity positions in conservatorship.
Among other things, the proposal seeks to implement minimum Enterprise liquidity and funding requirements, daily management reporting of the Enterprises' liquidity positions, monthly public disclosure reporting requirements, and other liquidity-related requirements. It includes four liquidity requirements designed to ensure that the Enterprises are a source of strength for the mortgage market during downturns in the economy, and to incentivize the Enterprises to issue an appropriate and stable mix of debt over the long term. To protect taxpayers and support the mortgage market, the proposed rule takes into account the Enterprises' lack of access to the Federal Reserve Bank discount window, unique structure, and public charter. Currently, the Enterprises would meet or exceed all requirements of the proposed rule.
Comments on the proposal will be accepted for 60 days following publication in the Federal Register