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Amendments to the Enterprise Regulatory Capital Framework Rule – Prescribed Leverage Buffer Amount and Credit Risk Transfer

Publication Details
Type
Proposed Rulemaking
Document Number
2021-20297
Federal Register Publish Date
09/27/2021
Federal Register Citation
86 FR 53230
PDF Format
Comment Open Date
09/15/2021
Comment End Date
11/26/2021
Comment Status
Closed
Rulemaking Details
Rulemaking

Amendments to the Enterprise Regulatory Capital Framework Rule – Prescribed Leverage Buffer Amount and Credit Risk Transfer

Contact Information

​FOR FURTHER INFORMATION CONTACT: Andrew Varrieur, Senior Associate Director, Office of Capital Policy, (202) 649-3141, Andrew.Varrieur@fhfa.gov; Christopher Vincent, Senior 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. 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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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 Federal Housing Finance Agency (FHFA or the Agency) is seeking comments on a notice of proposed rulemaking (proposed rule) that would amend the Enterprise Regulatory Capital Framework (ERCF) by refining the prescribed leverage buffer amount (PLBA or leverage buffer) and credit risk transfer (CRT) securitization framework for the Federal National Mortgage Association (Fannie Mae and Freddie Mac) and the Federal Home Loan Mortgage Corporation (Fannie Mae and Freddie Mac each an Enterprise). The proposed rule would also make technical corrections to various provisions of the ERCF that was published on December 17, 2020.

DATES: Comments must be received on or before November 26, 2021.

Public Comments people-icon

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

89 items
CSV
Date First Name Last Name Organization Comment
Mitchell, Jon and Jason Morgan Morgan Properties Please see attached comment letterView Comment Email: mschecter@morganproperties.com
Attachment: View Attachment
Craig Thomas Community Home Lenders Association Please find attached CHLA's comments on the proposed amendments to the…View Comment
Email: craigthomas@communitylender.org
Attachment: View Attachment
Christopher Hentemann 400 Capital Management LLC Comment letter by 400 Capital Management LLC to Amendments to the Ente…View Comment
Email: chentemann@400capital.com
Attachment: View Attachment
Aminah Moore National Association of Federal Credit Unions Attached please find NAFCU's comment letter in response to the NPR on…View Comment
Email: amoore@nafcu.org
Attachment: View Attachment
David Borsos National Multifamily Housing Council NMHC and NAA are providing our comments to the Enterprise Capital RuleView Comment
Email: dborsos@nmhc.org
Attachment: View Attachment
Jeffrey Krohn Guy Carpenter Please see attachedView Comment Email: jeffrey.n.krohn@guycarp.com
Attachment: View Attachment
Maureen Yap National Fair Housing Alliance National Fair Housing Alliance and other civil rights and consumer adv…View Comment
Email: myap@nationalfairhousing.org
Attachment: View Attachment
Ricard Pochkhanawala N/A Please find attached the comment of the Center for Responsible Lending…View Comment
Email: ricard.pochkhanawala@responsiblelending.org
Attachment: View Attachment
John McKenzie Indiana Credit Union League Comments are attachedView Comment Email: N/A
Attachment: View Attachment
Timothy Goldberg N/A A reasonable capital rule alone is insufficient. FHFA must make sure…View Comment
Email: N/A
Attachment: N/A
Ken Fears The National Association of REALTORS® On behalf of the 1.5 million members of the National Association of RE…View Comment
Email: kfears@nar.realtor
Attachment: View Attachment
Pattie Farrell DUS Advisory Council Please see attached responseView Comment Email: Pattie.Farrell@wellsfargo.com
Attachment: View Attachment
Christian Lown Freddie Mac Please see the attached comment letter regarding proposed ERCF Rule Am…View Comment
Email: chris_lown@freddiemac.com
Attachment: View Attachment
Joe Monaghan Aon See attached commentsView Comment Email: N/A
Attachment: View Attachment
Tim Roy Independent Community Bankers of America Please see attached document.View Comment Email: tim.roy@icba.org
Attachment: View Attachment
Frank Nutter Reinsurance Association of America Please see the attached letter from the Reinsurance Association of Ame…View Comment
Email: austin@reinsurance.org
Attachment: View Attachment
Laurie Goodman Urban Institute Ed Golding, Jun Zhu, and I are pleased to provide our comments in resp…View Comment
Email: Lgoodman@urban.org
Attachment: View Attachment
Sairah Burki CRE Financial Council Please see attached for the CRE Finance Council's comments on the prop…View Comment
Email: sburki@crefc.org
Attachment: View Attachment
Lindsey Johnson U.S. Mortgage Insurers Please see attached document for U.S. Mortgage Insurers' comments on t…View Comment
Email: bkihn@usmi.org
Attachment: View Attachment
Hu Benton American Bankers Association See file attachmentView Comment Email: tcardwell@aba.com
Attachment: View Attachment
Robert Broeksmit Mortgage Bankers Association Please see attached.View Comment Email: N/A
Attachment: View Attachment
Stephen Miller Mercatus Center at George Mason University Please see the attached comments. Sincerely, Thomas M. Hoenig and Step…View Comment
Email: smiller@mercatus.gmu.edu
Attachment: View Attachment
Edward DeMarco Housing Policy Council Attached please find the comments of the Housing Policy Council (HPC).View Comment
Email: chris.monaco@housingpolicycouncil.org
Attachment: View Attachment
Elizabeth LaBerge Credit Union National Association Please see attached comments.View Comment Email: elaberge@cuna.coop
Attachment: View Attachment
Linden Shoemaker N/A I am of the opinion that the heart & underlying issue of any and a…View Comment
Email: lrconsult@att.net
Attachment: N/A