I just saw this, but didn't notice any comments on the board about it - looks like FHFA has
thrown out a definitive capital number to operate from.
The title was: Fannie, Freddie SHOULD Hold $280 Billion in Capital, FHFA Says
WASHINGTON -- Mortgage giants Fannie Mae and Freddie Mac will have to hold hundreds of billions of dollars of capital to absorb possible losses, their federal regulator decided on Wednesday.
The decision by the Federal Housing Finance Agency is a key step in efforts to return the two companies to private ownership. They were taken over by the government during the 2008 financial crisis in a process known as conservatorship.
"The final rule is another milestone necessary for responsibly ending the conservatorships," FHFA Director Mark Calabria said in a statement. "FHFA is confident that the final rule puts Fannie Mae and Freddie Mac on a path toward a sound capital footing."
More to come...
(END) Dow Jones Newswires
11-18-20 1600ET
I guess this helps explain some movement today.
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