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FHFA

RIN: 2590-AA95

Publication ID: Spring 2020

Title: Enterprise Regulatory Capital Framework
Abstract: The proposed rule will propose a new regulatory capital framework for the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation which would consist of risk-based and leverage capital requirements, and buffers. The risk-based capital requirements would provide a granular, countercyclical assessment of credit risk for different mortgage loan categories, as well as market risk and operational risk components. The leverage capital requirements are designed to maintain a risk-invariant capital position commensurate to the leverage requirements for systemically important U.S. banks. The capital buffers would complement these granular requirements by providing the Enterprises with additional loss-absorbing capital.
Agency: Federal Housing Finance Agency(FHFA)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Undetermined	Unfunded Mandates: No
EO 13771 Designation: Independent agency
CFR Citation: 12 CFR 1240
Legal Authority: 12 U.S.C. 4511 12 U.S.C. 4513 12 U.S.C. 4514 12 U.S.C. 4526 12 U.S.C. 4612

Legal Deadline: None

Timetable:

Action	Date	FR Cite
Proposed Rulemaking	07/17/2018	83 FR 33312
NPRM Comment Period Extended	08/03/2018	83 FR 38085
NPRM Comment Period Extended End	11/16/2018
Second NPRM	06/00/2020

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: www.fhfa.gov; www.regulations.gov	Public Comment URL: www.fhfa.gov; www.regulations.gov
RIN Data Printed in the FR: No
Agency Contact: Naa Awaa Tagoe Deputy Director, Division of Housing Mission and Goals Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3140 Email: naaawaa.tagoe@fhfa.gov Andrew Varrieur Senior Associate Director, Office of Capital Policy Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3182 Email: andrew.varrieur@fhfa.gov Miriam Smolen Associate General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3182 TDD Phone:800 877-8339 Email: miriam.smolen@fhfa.gov