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Prompt Supervisory Response and Corrective Action: Proposed Rule

Publication Details
Type
Proposed Rulemaking
Document Number
01-8671
Federal Register Publish Date
04/10/2001
Federal Register Citation
66 FR 18694
PDF Format
Comment Open Date
04/10/2001
Comment End Date
07/09/2001
Comment Status
Closed
Rulemaking Details
Rulemaking

Prompt Supervisory Response and Corrective Action: Proposed Rule

Contact Information

FOR FURTHER INFORMATION CONTACT: ​David W. Roderer, Deputy General Counsel, (202) 414–6924, or Jamey Basham, Counsel (202) 414–8906 (not toll-free numbers), 1700 G Street NW, Fourth Floor, Washington, DC 20552. 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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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 Office of Federal Housing Enterprise Oversight (OFHEO) solicits comments on a proposed regulation to set forth the procedures under which OFHEO administers the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, under which OFHEO takes prompt corrective action in response to specified declines in the capital levels of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (collectively, the Enterprises). OFHEO also proposes to implement a system of prompt supervisory responses to be taken whenever certain developments internal or external to an Enterprise, which are specified in the proposed rule, warrant special supervisory review by OFHEO. The occurrence of such a development does not of itself establish that an Enterprise is in an unsound condition; rather, such a triggering occurrence provides a reasonable juncture for OFHEO to undertake a focused inquiry into the likely consequences of the development for the Enterprise.

DATES: Written comments on the proposed rule must be received by July 9, 2001.​
 

Public Comments people-icon

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

4 items
CSV
Date First Name Last Name Organization Comment
Eugene Ludwig N/A View CommentView Comment Email: N/A
Attachment: View Attachment
Freddie Mac Attached is Appendix A to Freddie Mac's comment.View Comment Email: N/A
Attachment: View Attachment
Maud Mater Freddie Mac View CommentView Comment Email: N/A
Attachment: View Attachment
Ann M. Kappler Fannie Mae View CommentView Comment Email: N/A
Attachment: View Attachment