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Kenneth Fears
District of Columbia
The National Associaiton of Realtors
Rule Number:
Federal Register Citation:
85 FR 39274
12 CFR Part 1240
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View Document 1.91 MB


On behalf of the 1.4 million members of the National Association of REALTORS® (NAR), I submit this letter in response to the notice of proposed rulemaking (proposed rule), Enterprise Regulatory Capital Framework (RIN-2590-AA95). NAR appreciates the efforts the FHFA has brought to this critical issue. In several areas this proposal makes strides in reducing cyclical risk and supporting underserved borrowers. However, in other areas the proposal would harm taxpayers, reduce competition, and hinder the Enterprises’ ability to carry out their critical congressionally-chartered mission to support a national mortgage market.

NAR looks forward to working with the FHFA to reshape the Enterprises to continue their robust housing mission. If you have any questions, please contact Ken Fears, NAR’s Senior Policy Representative for Conventional Finance and Lending Policy, at 202.383.1066 or KFears@NAR.REALTOR. 

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