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Publication Details
Type
Proposed Rulemaking
Document Number
2021-20297
Federal Register Publish Date
09/27/2021
Federal Register Citation
Comment Open Date
09/15/2021
Comment End Date
11/26/2021
Comment Status
Closed
Rulemaking Details
Rulemaking

Amendments to the Enterprise Regulatory Capital Framework Rule – Prescribed Leverage Buffer Amount and Credit Risk Transfer

Contact Information

​FOR FURTHER INFORMATION CONTACT: Andrew Varrieur, Senior Associate Director, Office of Capital Policy, (202) 649-3141, Andrew.Varrieur@fhfa.gov; Christopher Vincent, Senior 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. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

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 the Enterprise Regulatory Capital Framework (ERCF) by refining the prescribed leverage buffer amount (PLBA or leverage buffer) and credit risk transfer (CRT) securitization framework for the Federal National Mortgage Association (Fannie Mae and Freddie Mac) and the Federal Home Loan Mortgage Corporation (Fannie Mae and Freddie Mac each an Enterprise). The proposed rule would also make technical corrections to various provisions of the ERCF that was published on December 17, 2020.

DATES: Comments must be received on or before November 26, 2021.

Public Comments people-icon

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

89 items
file download iconCSV
Date First Name Last Name Organization Comment
Mitchell, Jon and Jason Morgan Morgan Properties
Please see attached comment letter
Email: mschecter@morganproperties.com
Attachment: View Attachment
John McKenzie Indiana Credit Union League
Comments are attached
Email: N/A
Attachment: View Attachment
Craig Thomas Community Home Lenders Association
Please find attached CHLA's comments on the proposed amendments to the…
Email: craigthomas@communitylender.org
Attachment: View Attachment
Christopher Hentemann 400 Capital Management LLC
Comment letter by 400 Capital Management LLC to Amendments to the Ente…
Email: chentemann@400capital.com
Attachment: View Attachment
Aminah Moore National Association of Federal Credit Unions
Attached please find NAFCU's comment letter in response to the NPR on…
Email: amoore@nafcu.org
Attachment: View Attachment
David Borsos National Multifamily Housing Council
NMHC and NAA are providing our comments to the Enterprise Capital Rule
Email: dborsos@nmhc.org
Attachment: View Attachment
Jeffrey Krohn Guy Carpenter
Please see attached
Email: jeffrey.n.krohn@guycarp.com
Attachment: View Attachment
Maureen Yap National Fair Housing Alliance
National Fair Housing Alliance and other civil rights and consumer adv…
Email: myap@nationalfairhousing.org
Attachment: View Attachment
Ricard Pochkhanawala N/A
Please find attached the comment of the Center for Responsible Lending…
Email: ricard.pochkhanawala@responsiblelending.org
Attachment: View Attachment
Christian Lown Freddie Mac
Please see the attached comment letter regarding proposed ERCF Rule Am…
Email: chris_lown@freddiemac.com
Attachment: View Attachment
Joe Monaghan Aon
See attached comments
Email: N/A
Attachment: View Attachment
Timothy Goldberg N/A
A reasonable capital rule alone is insufficient. FHFA must make sure…
Email: N/A
Attachment: N/A
Ken Fears The National Association of REALTORS®
On behalf of the 1.5 million members of the National Association of RE…
Email: kfears@nar.realtor
Attachment: View Attachment
Pattie Farrell DUS Advisory Council
Please see attached response
Email: Pattie.Farrell@wellsfargo.com
Attachment: View Attachment
Elizabeth LaBerge Credit Union National Association
Please see attached comments.
Email: elaberge@cuna.coop
Attachment: View Attachment
Tim Roy Independent Community Bankers of America
Please see attached document.
Email: tim.roy@icba.org
Attachment: View Attachment
Laurie Goodman Urban Institute
Ed Golding, Jun Zhu, and I are pleased to provide our comments in resp…
Email: Lgoodman@urban.org
Attachment: View Attachment
Lindsey Johnson U.S. Mortgage Insurers
Please see attached document for U.S. Mortgage Insurers' comments on t…
Email: bkihn@usmi.org
Attachment: View Attachment
Hu Benton American Bankers Association
See file attachment
Email: tcardwell@aba.com
Attachment: View Attachment
Robert Broeksmit Mortgage Bankers Association
Please see attached.
Email: N/A
Attachment: View Attachment
Stephen Miller Mercatus Center at George Mason University
Please see the attached comments. Sincerely, Thomas M. Hoenig and Step…
Email: smiller@mercatus.gmu.edu
Attachment: View Attachment
Edward DeMarco Housing Policy Council
Attached please find the comments of the Housing Policy Council (HPC).
Email: chris.monaco@housingpolicycouncil.org
Attachment: View Attachment
Linden Shoemaker N/A
I am of the opinion that the heart & underlying issue of any and a…
Email: lrconsult@att.net
Attachment: N/A
Frank Nutter Reinsurance Association of America
Please see the attached letter from the Reinsurance Association of Ame…
Email: austin@reinsurance.org
Attachment: View Attachment
Sairah Burki CRE Financial Council
Please see attached for the CRE Finance Council's comments on the prop…
Email: sburki@crefc.org
Attachment: View Attachment