Watchdog endorsement clears path for FHFA capital plan

FHFA Mark Calabria 575 375
By Jennifer Kang
29 Sep 2020

The Financial Stability Oversight Council (FSOC) issued a statement endorsing the new capital requirements plan for Fannie Mae and Freddie Mac, a move that has cleared the path for the proposal to pass this year without undergoing significant changes, sources say.

The government sponsored enterprise (GSE) capital requirement proposal devised by the Federal Housing Finance Agency (FHFA) lays out the details on how much of a capital buffer Fannie and Freddie must hold as a condition of their release from government control. 

First announced in May, the FHFA’s plan says ...

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