Enterprise Regulatory Capital Framework– Prescribed Leverage Buffer Amount and Credit Risk Transfer

Date

03/16/2022

Number

RIN-2590-AB17

Group

Fannie Mae

Freddie Mac

CFR

12 CFR Part 1240

CFR Description

Part 1240—CAPITAL ADEQUACY OF ENTERPRISES

Effective Date

Mon, 05/16/2022 - 12:00

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

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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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: 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

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

89 items

CSV

Date Sort ascending	First Name	Last Name	Organization	Comment
11/01/21	Sandra	Camp	N/A	Release Fannie and Freddie. This seems like a communist take over of p… Email: Bencamp3@me.com Attachment: N/A
11/01/21	Joseph	Mingion	N/A	Fannie Mae and Freddie Mac should be released from conservatorship imm… Email: N/A Attachment: N/A
11/01/21	Joseph	Benoit	N/A	Why are these entities still under conservatorship when the loan has… Email: N/A Attachment: N/A
11/01/21	JAY	PATEL	N/A	NO LEGITIMATE REASON for CONTINUED Fannie/Freddie Conservatorship! i h… Email: N/A Attachment: N/A
10/31/21	Victor	Paterra	None	Please protect me the shareholder. My government has taken my rightsa… Email: victorpaterra@gmail.com Attachment: N/A
10/29/21	Lakshmi	B	N/A	This is so messed up. tesla got free handouts in tax breaks and carbon… Email: polepeddi@gmail.com Attachment: N/A
10/28/21	Rupak	Rauniar	N/A	This is not my American Dream. I had invested back in 2008- all my sav… Email: rauniarr@gmail.com Attachment: N/A
10/28/21	Rodney	Fernandez	N/A	10/28/2021 Honorable Sandra L. Thompson FHFA Director Dear Madam Direc… Email: N/A Attachment: N/A
10/27/21	Ruben	Gonzalez	N/A	I am writing in response to the request for input on the Capital Frame… Email: Ruben_gonzalez92@hotmail.com Attachment: N/A
10/26/21	John	Fordyce	N/A	Fannie and Feddie are public utilities to ensure affordable housing in… Email: fordyce.john@gmail.com Attachment: N/A
10/26/21	Marvin	Cross	N/A	Please void the warrants and release FNMA and FMCC. The goverment has… Email: N/A Attachment: N/A
10/26/21	Kenneth	Powers	Pen 15 Holdings	While the proposed capital rule is a step in the right direction, it h… Email: N/A Attachment: N/A
10/25/21	Chad	Borgmeier	N/A	I am writing in response to the request for input on the Capital Frame… Email: chadborgmeier@yahoo.com Attachment: N/A
10/24/21	Glen	Bradford	Cloud Nimbus LLC	I have written several books and hundreds of articles on the mostly fr… Email: globalspeculation@gmail.com Attachment: N/A
10/21/21	Geewu	Chen	N/A	Dear acting director Thompson, I am having a bit of a difficult time u… Email: N/A Attachment: N/A
10/21/21	Guido	da Costa Pereira	Part Owners of Fannie Mae & Freddie Mac	See attached: Email: gdacostap@yahoo.com Attachment: View Attachment
10/19/21	Patrick	Cross	N/A	Please see attached pdf Email: mmcross1@comcast.net Attachment: View Attachment
10/18/21	Timothy	Howard	N/A	See attached comment Email: jtimothyhoward@gmail.com Attachment: View Attachment
10/17/21	Anonymous	Anonymous	N/A	"Q: What are the goals of this conservatorship? A: The purpose of appo… Email: N/A Attachment: N/A
10/17/21	Stanley	Holland	Private Investor	See attached Email: Stanleyjholland@yahoo.com Attachment: View Attachment
10/13/21	Harinder	Swaich	N/A	14 years in conservatorship and still going???? Warrants expire in 202… Email: N/A Attachment: N/A
09/29/21	Senator Pat	Toomey	N/A	See attached comment letter Email: N/A Attachment: View Attachment
09/21/21	Tom	Sullivan	N/A	Any comments submitted yet? Can you allow public to view them? Email: N/A Attachment: N/A
09/21/21	Rodney	Fernandez	N/A	09/21/2021 Honorable Sandra L. Thompson FHFA Director Dear Madam Dire… Email: rodneytfernandez@bellsouth.net Attachment: N/A
09/17/21	Hector	Hsiung	N/A	Please release them to private. Email: N/A Attachment: N/A
09/17/21	Shirley	Shung	N/A	Please release them to private. Email: N/A Attachment: N/A
09/17/21	John	Chan	N/A	Fannie Mae and Freddie Mac (GSE) should have been released from govern… Email: N/A Attachment: N/A
09/16/21	Sandra	Camp	Concerned Citizen	Release and relist Email: Bencamp3@bellsouth.net Attachment: N/A
09/16/21	Chad	Borgmeier	N/A	I am glad to see that the capital requirements for the GSE's is being… Email: chadborgmeier@yahoo.com Attachment: N/A
09/16/21	Nikunj	Patel	N/A	Fnma should be privatized today. Email: Rxnikunj0501@gmail.com Attachment: N/A
09/16/21	Sejal	Patel	N/A	Fnma should be privatized soon. Email: N/A Attachment: N/A
09/16/21	Alan	Madden	N/A	Fannie Mae and Freddie Mac should be released from conservatorship imm… Email: Jabsamadden@gmail.com Attachment: N/A
09/16/21	VMarie	Moore	FHFA/FNMA/FMCC	To transfer risk to the private sector the companies will have to be r… Email: vmariemoore@yahoo.com Attachment: N/A
09/16/21	Kapila	Patel	N/A	Give me my company back to me now. Release it to me now. Thanks Email: N/A Attachment: N/A
09/16/21	David	Cipolloni	N/A	Fannie Mae and Freddie Mac have been in conservatorship for 13 years,… Email: tchsengineering@aol.com Attachment: N/A
09/15/21	Kevin	Schmidt	N/A	The housing market is a ponzi scheme reliant upon propping up the asse… Email: kcschmidt@gmail.com Attachment: N/A
09/15/21	terry	johnssen	N/A	What risks does the 2.5% cover? Does the other 0.5% cover something… Email: N/A Attachment: N/A
09/15/21	Rodney	Fernandez	N/A	I am not sure the FHFA received the submitted comment from me, I did n… Email: rodneytfernandez@bellsouth.net Attachment: N/A
09/15/21	Vic	Kurkeyerian	N/A	Hello, I e been in the mortgage industry for over 20 years, and before… Email: N/A Attachment: N/A