Enterprise Regulatory Capital Framework – Commingled Securities, Multifamily Government Subsidy, Derivatives, and Other Enhancements

11/30/2023

Number

RIN-2590-AB27

Group

Fannie Mae

Freddie Mac

CFR

12 CFR Part 1240

CFR Description

PART 1240—CAPITAL ADEQUACY OF ENTERPRISES

Effective Date

Mon, 04/01/2024 - 12:00

Enterprise Regulatory Capital Framework – Commingled Securities, Multifamily Government Subsidy, Derivatives, and Other Enhancements

FOR FURTHER INFORMATION CONTACT: Andrew Varrieur, Senior Associate Director, Office of Capital Policy, (202) 649-3141, Andrew.Varrieur@fhfa.gov; Christopher Vincent, Principal 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. For TTY/TRS users with hearing and speech disabilities, dial 711 and ask to be connected to any of the contact numbers above.

SUMMARY: The Federal Housing Finance Agency (FHFA or the Agency) is seeking comments on a notice of proposed rulemaking (proposed rule) that would amend several provisions in the Enterprise Regulatory Capital Framework (ERCF) for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac, and with Fannie Mae, each an Enterprise). The proposed rule would include modifications related to guarantees on commingled securities, multifamily mortgage exposures secured by government-subsidized properties, derivatives and cleared transactions, and credit scores, among other items.

DATES: Comments must be received on or before May 12, 2023.

Public Comments

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

23 items

CSV

Date Sort ascending	First Name	Last Name	Organization	Comment
05/12/23	Sairah	Burki	CRE Financial Council	Please see attached documents.View Comment Email: sburki@crefc.org Attachment: View Attachment
05/12/23	Brendan	Kihn	ABA, HPC, ICBA, and USMI	Please find attached a comment letter from the American Bankers Associ…View Comment Email: bkihn@usmi.org Attachment: View Attachment
05/12/23	Mike	Gill	Housing Policy Council	Please find attached the comments of Ed DeMarco, President, Housing Po…View Comment Email: Mike.gill@housingpolicycouncil.org Attachment: View Attachment
05/12/23	Sara	Millard	Arch	Please see attached.View Comment Email: N/A Attachment: View Attachment
05/12/23	Chris	Lown	Freddie Mac	Freddie Mac is pleased to submit the attached comment letter.View Comment Email: chris_lown@freddiemac.com Attachment: View Attachment
05/12/23	Jane	Greeson	Pinnacle Financial Partners	The phasing from traditional FICO scoring with tri-merge reports to th…View Comment Email: jane.greeson@pnfp.com Attachment: N/A
05/12/23	Chi Chi	Wu	National Consumer Law Center	Attached please find the comments of the National Consumer Law Center,…View Comment Email: cwu@nclc.org Attachment: View Attachment
05/12/23	Kelsey	Condon	Ceres	Please see attached.View Comment Email: kcondon@ceres.org Attachment: View Attachment
05/12/23	Greg	Zagorski	National Council of State Housing Agencies	Attached please find the National Council of State Housing Agencies' c…View Comment Email: gzagorski@ncsha.org Attachment: View Attachment
05/12/23	Aminah	Moore	NAFCU	Please find NAFCU's comments in response to this proposal attached.View Comment Email: amoore@nafcu.org Attachment: View Attachment
05/12/23	Christopher	Killian	SIFMA	See attachment - thank youView Comment Email: ckillian@sifma.org Attachment: View Attachment
05/12/23	Tim	Roy	Independent Community Bankers of America	Please see attached document for comments.View Comment Email: tim.roy@icba.org Attachment: View Attachment
05/12/23	Sasha	Hewlett	Mortgage Bankers Association	Please see comments attached.View Comment Email: shewlett@mba.org Attachment: View Attachment
05/12/23	Dan	Brendes	DUS Advisory Council	Please see attached responseView Comment Email: dan.brendes@berkadia.com Attachment: View Attachment
05/12/23	Elizabeth	Sullivan	Credit Union National Association	Please see attached comments of the Credit Union National Association.View Comment Email: esullivan@cuna.coop Attachment: View Attachment
05/12/23	Dallin	Merrill	SFA	Please see attached response from the Structured Finance AssociationView Comment Email: dallin.merrill@structuredfinance.org Attachment: View Attachment
05/11/23	David	Borsos	National Multifamily Housing Council	The National Multifamily Housing Council and the National Apartment As…View Comment Email: dborsos@nmhc.org Attachment: View Attachment
05/10/23	Chryssa	Halley	Fannie Mae	Please see attached comments.View Comment Email: N/A Attachment: View Attachment
05/10/23	Maureen	Yap	National Fair Housing Alliance	National Fair Housing Alliance Comment (attached)View Comment Email: myap@nationalfairhousing.org Attachment: View Attachment
05/03/23	Leslie	Hardy	N/A	I don't want my rental and utility history reported to credit bureaus…View Comment Email: N/A Attachment: N/A
05/02/23	Lysa	Davis	N/A	I do not like adding rent and phone payment to my credit report is goi…View Comment Email: N/A Attachment: N/A
05/02/23	Michell	Dawson	N/A	I do not want my rent cell phone bills or my utility payment reported…View Comment Email: N/A Attachment: N/A
04/08/23	Lysa	Davis	N/A	See attached comment.View Comment Email: lysadavis@gmail.com Attachment: View Attachment