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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
11/22/21	Dallin	Merrill	SFA	Please See attached Comments Email: dallin.merrill@structuredfinance.org Attachment: View Attachment
11/22/21	David	Gansberg	Arch Capital Group Ltd.	Please see attached. Email: N/A Attachment: View Attachment
11/19/21	Mark	O'Donovan	JPMorgan Chase, Home Lending	JPMorgan Chase Home Lending appreciates the opportunity to comment on… Email: N/A Attachment: View Attachment
11/17/21	Rodney	Fernandez	N/A	The FHFA regulator overseeing Fannie Mae and Freddie Mac proposed chan… Email: rodneytfernandez@bellsouth.net Attachment: N/A
11/15/21	James	Gibbs	N/A	I laughed at your strategic approach in this decision making. You comb… Email: N/A Attachment: N/A
11/12/21	Norbert	Michel	The Cato Institute	The PDF of the comment letter has been uploaded. Email: nmichel@cato.org Attachment: View Attachment
11/10/21	Edward	Pinto	American Enterprise Institute	Please see attached document for comment letter on FHFA's proposed ame… Email: pintoedward1@gmail.com Attachment: View Attachment
11/09/21	Eric	Mistal	N/A	My comments to the proposed capital rule changes stem from questions I… Email: N/A Attachment: N/A
11/09/21	Jonathan	Glowacki	Milliman	Milliman's attached response addresses the 8 questions posed in the NP… Email: JONATHAN.GLOWACKI@MILLIMAN.COM Attachment: View Attachment
11/05/21	Ronald	Luhmann	Commander U.S. NAVY Retired	THERE IS NO LEGITIMATE REASON TO CONTINUE HOLDING FANNIE MAE AND FREDD… Email: navycmdr@aol.com Attachment: View Attachment
11/05/21	Michael	Davis	N/A	Regarding capital framework rule; Stress test results, no need to say… Email: vancmike12@yahoo.com Attachment: N/A
11/05/21	Fercris	Hart	N/A	Here's my blues for the shareholders of Fannie Mae and Freddie Mac: ht… Email: N/A Attachment: N/A
11/05/21	Christopher	Segovia	N/A	I am a long time holder of FNMA and retired I am not a hedge fund. If… Email: Chrissegovia60@gmail.com Attachment: N/A
11/05/21	Don	Granstaff	N/A	THERE IS NO LEGITIMATE REASON TO CONTINUE HOLDING FANNIE MAE AND FREDD… Email: N/A Attachment: N/A
11/05/21	Tom	Jones	N/A	Many shareholders complained about FHFA and Treasury (and maybe Congre… Email: N/A Attachment: N/A
11/05/21	Michael	Graves	N/A	It is long past time the US Government put aside the fantasy that the… Email: N/A Attachment: N/A
11/05/21	Richard	Cooperstein	Andrew Davidson & Co., Inc.	Andrew Davidson & Co., Inc. (AD&Co) is pleased to provide our… Email: rcooperstein@ad-co.com Attachment: View Attachment
11/05/21	Henry	Yong	N/A	Biden Administration should pay heed to the decision in the Virginia's… Email: N/A Attachment: N/A
11/05/21	Priya	Vadehra	N/A	Why are FNMA and FMCC still in under conservatorship, even when the… Email: priya7gv@hotmail.com Attachment: N/A
11/04/21	James	Sherman	N/A	It is time that this situation be made right by the shareholders. I u… Email: jamlsher99@yahoo.com Attachment: N/A
11/04/21	Charlotte	Morse	Bridge Investment Group	Please see the attached document for comments. Email: charlotte.morse@bridgeig.com Attachment: View Attachment
11/03/21	NARAYANA	KAMATH	N/A	The conservatorship was imposed on the GSE for no valid reasons. Sinc… Email: nara.kamath@gmail.com Attachment: N/A
11/02/21	Rodney	Fernandez	N/A	11/02/2021 Honorable Sandra L. Thompson FHFA Director Dear Madam Dir… Email: rodneytfernandez@bellsouth.net Attachment: N/A
11/02/21	Wayne	Chase	N/A	Fannie Mae and Freddie Mac should be released from conservatorship imm… 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