Fannie Mae (FNMA)

[navycmdr]

Fannie Mae reported that the FHFA suspended plans
to crafting a roadmap toward the end of conservatorship,
carry out housing market reform and ensure efficient
utilization of capital.

FHFA also directed Fannie Mae to halt efforts to reduce
its risk and complexity “to levels more appropriate for
regulated entities with limited capital cushions.”

In its 300-plus page annual report, Fannie Mae also gave
an update on the status of its proposed Duty to Serve
underserved markets plan for 2022 to 2024, which FHFA
rejected earlier this year.

Fannie Mae said it has now revised and submitted the
draft plans “for further FHFA consideration.”