WASHINGTON—The Federal Housing Finance Agency (FHFA) has released supplementary materials related to its proposed rule that would set capital requirements for government-sponsored enterprises Fannie Mae and Freddie Mac.
The additional information includes a table of estimated risk-based capital (RBC) requirements for multifamily whole loans, guarantees and related securities as of Sept. 30, 2017, separately for the GSEs, reported NAFCU, which said it supports efforts that will ensure the GSEs' stability in the secondary mortgage market.
The FHFA's proposed capital rule is meant to assess credit risk across different loan categories, as well as market risk, operational risk and going-concern buffer components. It would establish a new framework for RBC requirements and two alternatives for an updated minimum leverage capital requirement: one would require the GSEs to hold capital equal to 2.5% of total assets, and the other would require them to hold capital equal to 1.5% of trust assets and 4% of non-trust assets, noted NAFCU.
The final rule would be suspended until the GSEs are removed from their now decade-long conservatorship.