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  • Comment Detail

  • Date: 09/16/21
    First Name: Chad
    Last Name: Borgmeier
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AB17

  • Comment

    I am glad to see that the capital requirements for the GSE's is being looked into. As we all know the cost of holding too much capital would have to be passed on to the cost of getting a mortgage. With the recent results of the Stress Test that was completed which looks at what a Severe Adverse Scenario would look like for the GSE's it is obvious that the prior proposed capital requirement that Mark Calabria drafted would require the GSE's to retain way too much capital for the amount of risk that is present. I encourage the new director of the FHFA to take into consideration the actual risk that the GSE's have so that we have them at a safe and sound capital level while at the same time allow the GSE's to provide the lowest cost mortgages possible which will allow them to fulfill the mission for which they were designed.