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Examination Rating System

Notice Details
Type
Notice
Number
2012-N-17
Group
Fannie Mae
Office of Finance
FHL Banks
Freddie Mac
Federal Register Publish Date
11/13/2012
Federal Register Citation
77 FR 67644
PDF Format
Comment Status
Closed
Comment Open Date
06/19/2012
Comment End Date
07/19/2012
Effective Date
01/01/2013

Examination Rating System

Contact Information

FOR FURTHER INFORMATION CONTACT: ​Karen Walter, Senior Associate Director, Division of Supervision Policy and Support, (202) 649–3405, Karen.Walter@fhfa.gov, or Carol Connelly, Principal Examination Specialist, Division of Supervision Policy and Support, (202) 649–3232, Carol.Connelly@fhfa.gov, Federal Housing Finance Agency, 400 Seventh Street SW., Washington, DC 20024.

Summary

SUMMARY: The Federal Housing Finance Agency (FHFA) is adopting a new examination rating system to be used when examining Fannie Mae and Freddie Mac (Enterprises), the Federal Home Loan Banks (Banks) (collectively, regulated entities), and the Banks’ Office of Finance. The new rating system is based on a "CAMELSO" framework and requires an assessment of seven individual components dealing with Capital, Asset quality, Management, Earnings, Liquidity, Sensitivity to market risk, and Operational risk. The new system replaces those that had been developed by FHFA’s predecessor agencies.

DATES: FHFA will use the new rating system for all examinations commencing after January 1, 2013.