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.
Is the above good or bad ?
I ask very seriously
Seems to me the plan had massive capital ratios and the dilutions so associated - to possibly include dilution from the SPS
Plans suspended for ending conservatorship? Am I reading this correctly? This does not sound good to me at all. GSEs are fooked IMHO.
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.”