Fannie and Freddie to get $3bn capital buffer boost

David Bell

December 21, 2017 04:45 PM

Steven_Mnuchin_PA_230x150 — United States Secretary of the Treasury Steven T. Mnuchin, gives testimony before the US Senate Committee on The Budget "on the President’s FY 18 Budget and Revenue Proposals Featuring Treasury" on Capitol Hill in Washington, DC on Tuesday, June 13, 2017. Photo by Ron Sachs / CNP/ABACAPRESS.COM | Sachs Ron/CNP/ABACA/ABACA/PA Images

The US Treasury and the Federal Housing Finance Agency (FHFA) agreed on Thursday to allow government sponsored enterprises Fannie Mae and Freddie Mac to maintain a $3bn capital buffer, reversing a previous plan that would have slashed the buffers to zero.

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RMBS Securitization United States Americas North America

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David Bell