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Publication Details
Type
Proposed Rulemaking
Document Number
2023-04041
Federal Register Publish Date
03/13/2023
Comment Open Date
03/13/2023
Comment End Date
05/12/2023
Comment Status
Closed
Rulemaking Details
Rulemaking

Enterprise Regulatory Capital Framework – Commingled Securities, Multifamily Government Subsidy, Derivatives, and Other Enhancements

Contact Information

FOR FURTHER INFORMATION CONTACT: Andrew Varrieur, Senior Associate Director, Office of Capital Policy, (202) 649-3141, Andrew.Varrieur@fhfa.gov; Christopher Vincent, Principal Financial Analyst, Office of Capital Policy, (202) 649-3685, Christopher.Vincent@fhfa.gov; or James Jordan, Associate General Counsel, Office of General Counsel, (202) 649-3075, James.Jordan@fhfa.gov. These are not toll-free numbers. For TTY/TRS users with hearing and speech disabilities, dial 711 and ask to be connected to any of the contact numbers above.​

Summary

SUMMARY: The Federal Housing Finance Agency (FHFA or the Agency) is seeking comments on a notice of proposed rulemaking (proposed rule) that would amend several provisions in the Enterprise Regulatory Capital Framework (ERCF) for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac, and with Fannie Mae, each an Enterprise). The proposed rule would include modifications related to guarantees on commingled securities, multifamily mortgage exposures secured by government-subsidized properties, derivatives and cleared transactions, and credit scores, among other items.

DATES: Comments must be received on or before May 12, 2023.

Public Comments people-icon

Below are a compilation of public comments made on this publication.

23 items
Date Sort ascending First Name Last Name Organization Comment
Chi Chi Wu National Consumer Law Center
Attached please find the comments of the National Consumer Law Center,…
Email: cwu@nclc.org
Attachment: View Attachment
Aminah Moore NAFCU
Please find NAFCU's comments in response to this proposal attached.
Email: amoore@nafcu.org
Attachment: View Attachment
Tim Roy Independent Community Bankers of America
Please see attached document for comments.
Email: tim.roy@icba.org
Attachment: View Attachment
Dan Brendes DUS Advisory Council
Please see attached response
Email: dan.brendes@berkadia.com
Attachment: View Attachment
Dallin Merrill SFA
Please see attached response from the Structured Finance Association
Email: dallin.merrill@structuredfinance.org
Attachment: View Attachment
Brendan Kihn ABA, HPC, ICBA, and USMI
Please find attached a comment letter from the American Bankers Associ…
Email: bkihn@usmi.org
Attachment: View Attachment
Sara Millard Arch
Please see attached.
Email: N/A
Attachment: View Attachment
Jane Greeson Pinnacle Financial Partners
The phasing from traditional FICO scoring with tri-merge reports to th…
Email: jane.greeson@pnfp.com
Attachment: N/A
Kelsey Condon Ceres
Please see attached.
Email: kcondon@ceres.org
Attachment: View Attachment
Greg Zagorski National Council of State Housing Agencies
Attached please find the National Council of State Housing Agencies' c…
Email: gzagorski@ncsha.org
Attachment: View Attachment
Christopher Killian SIFMA
See attachment - thank you
Email: ckillian@sifma.org
Attachment: View Attachment
Sasha Hewlett Mortgage Bankers Association
Please see comments attached.
Email: shewlett@mba.org
Attachment: View Attachment
Elizabeth Sullivan Credit Union National Association
Please see attached comments of the Credit Union National Association.
Email: esullivan@cuna.coop
Attachment: View Attachment
Sairah Burki CRE Financial Council
Please see attached documents.
Email: sburki@crefc.org
Attachment: View Attachment
Mike Gill Housing Policy Council
Please find attached the comments of Ed DeMarco, President, Housing Po…
Email: Mike.gill@housingpolicycouncil.org
Attachment: View Attachment
Chris Lown Freddie Mac
Freddie Mac is pleased to submit the attached comment letter.
Email: chris_lown@freddiemac.com
Attachment: View Attachment
David Borsos National Multifamily Housing Council
The National Multifamily Housing Council and the National Apartment As…
Email: dborsos@nmhc.org
Attachment: View Attachment
Chryssa Halley Fannie Mae
Please see attached comments.
Email: N/A
Attachment: View Attachment
Maureen Yap National Fair Housing Alliance
National Fair Housing Alliance Comment (attached)
Email: myap@nationalfairhousing.org
Attachment: View Attachment
Leslie Hardy N/A
I don't want my rental and utility history reported to credit bureaus…
Email: N/A
Attachment: N/A
Lysa Davis N/A
I do not like adding rent and phone payment to my credit report is goi…
Email: N/A
Attachment: N/A
Michell Dawson N/A
I do not want my rent cell phone bills or my utility payment reported…
Email: N/A
Attachment: N/A
Lysa Davis N/A
See attached comment.
Email: lysadavis@gmail.com
Attachment: View Attachment