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  • Comment Detail

  • Date: 11/15/21
    First Name: Peter
    Last Name: Christensen
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: 2021-N-11

  • Comment

    The FHFA wrote the following in response to another comment: "The FDIC’s review determined that there are 3,854 total active AMCs in the Registry (both federally and non- federally regulated) as of June 2021, which we rounded to 3,860 in our 60- day notice. FHFA concurs with the FDIC’s review of the ASC Registry in June 2021. Both the FDIC analysis and the ASC Annual Report substantiate FHFA’s estimate and confirms our concurrence with the FDIC’s review. FHFA remains confident that the
    number is accurate. Accordingly, FHFA will not change the number of AMCs in the 30-day notice." Please be aware that the ASC's AMC registry reports state registrations (not the total number of AMCs) - most AMCs are registered in more than one state. Accordingly, the FHFA is indeed overstating the number of AMCs by a factor of approximately 10X as the prior commenter stated.