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Assessments: Final Rule (2008)

SUMMARY: The Federal Housing Finance Board, Office of Federal Housing Enterprise Oversight and Federal Housing Finance Agency (FHFA) are establishing policy and procedures for the FHFA to impose assessments on the Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), and Federal Home Loan Banks (Banks) (collectively, Regulated Entities), through a final rule, pursuant to 12 U.S.C. 4516.

DATES: The final rule will become effective on September 30, 2008.
 

Privacy Act of 1974: Publication of Notice of Systems of Records

SUMMARY: This notice publishes and seeks comments on the notice of systems of records maintained by the Office of Federal Housing Enterprise Oversight as required by the Privacy Act of 1974. It also sets forth the routine uses of records within systems of records and will permit individuals to identify those systems in which records about them may be located.

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Risk-Based Capital Regulation: Loss Severity Amendments

SUMMARY: The Office of Federal Housing Enterprise Oversight (OFHEO) is amending its regulations related to Risk- Based Capital (Risk-Based Capital Regulation) to enhance the transparency, sensitivity to risk, and accuracy of the calculation of the riskbased capital requirement for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

Risk-Based Capital Amendment

SUMMARY: The Office of Federal Housing Enterprise Oversight (OFHEO) is proposing technical amendments to Appendix A to Subpart B Risk-Based Capital Regulation Methodology and Specifications of 12 CFR part 1750, (Risk-Based Capital Regulation). The proposed amendments are intended to enhance the accuracy and transparency of the calculation of the risk-based capital requirement for the Enterprises and updates the Risk-Based Capital Regulation to incorporate approved new activities treatments.