Nov. 19, 2019 3:40 PM ET|About: Federal National Mortgage A... (FNMA)|By: Liz Kiesche, SA News Editor Fannie Mae (OTCQB:FNMA -3.7%) and Freddie Mac's (OTCQB:FMCC -4.6%) overseer plans to re-propose the entire regulation on capital requirements for the two home mortgage giants sometime in 2020.
"The 2018 Capital Rule was proposed before FHFA [Federal Housing Finance Agency] began the process of retaining capital at the Enterprises as a first step toward ending the conservatorships," said FHFA Director Mark Calabria.
As such, comments submitted during the previous rulemaking process were submitted under a different set of assumptions.
"During the process of the rulemaking, important issues were identified that will be addressed in the re-proposal," Calabria said.
Guido....thanks. I understand the short delay could cause a little drop. But where the hell did this idea about $180 billion capital requirements come from?
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