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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Dallin Merrill SFA Please See attached CommentsView Comment Email: dallin.merrill@structuredfinance.org
Attachment: View Attachment
David Gansberg Arch Capital Group Ltd. Please see attached.View Comment Email: N/A
Attachment: View Attachment
Mark O'Donovan JPMorgan Chase, Home Lending JPMorgan Chase Home Lending appreciates the opportunity to comment on…View Comment
Email: N/A
Attachment: View Attachment
Rodney Fernandez N/A The FHFA regulator overseeing Fannie Mae and Freddie Mac proposed chan…View Comment
Email: rodneytfernandez@bellsouth.net
Attachment: N/A
James Gibbs N/A I laughed at your strategic approach in this decision making. You comb…View Comment
Email: N/A
Attachment: N/A
Norbert Michel The Cato Institute The PDF of the comment letter has been uploaded.View Comment Email: nmichel@cato.org
Attachment: View Attachment
Edward Pinto American Enterprise Institute Please see attached document for comment letter on FHFA's proposed ame…View Comment
Email: pintoedward1@gmail.com
Attachment: View Attachment
Eric Mistal N/A My comments to the proposed capital rule changes stem from questions I…View Comment
Email: N/A
Attachment: N/A
Jonathan Glowacki Milliman Milliman's attached response addresses the 8 questions posed in the NP…View Comment
Email: JONATHAN.GLOWACKI@MILLIMAN.COM
Attachment: View Attachment
Priya Vadehra N/A Why are FNMA and FMCC still in under conservatorship, even when the…View Comment Email: priya7gv@hotmail.com
Attachment: N/A
Richard Cooperstein Andrew Davidson & Co., Inc. Andrew Davidson & Co., Inc. (AD&Co) is pleased to provide our…View Comment
Email: rcooperstein@ad-co.com
Attachment: View Attachment
Ronald Luhmann Commander U.S. NAVY Retired THERE IS NO LEGITIMATE REASON TO CONTINUE HOLDING FANNIE MAE AND FREDD…View Comment
Email: navycmdr@aol.com
Attachment: View Attachment
Henry Yong N/A Biden Administration should pay heed to the decision in the Virginia's…View Comment
Email: N/A
Attachment: N/A
Michael Davis N/A Regarding capital framework rule; Stress test results, no need to say…View Comment
Email: vancmike12@yahoo.com
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Fercris Hart N/A Here's my blues for the shareholders of Fannie Mae and Freddie Mac: ht…View Comment
Email: N/A
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Christopher Segovia N/A I am a long time holder of FNMA and retired I am not a hedge fund. If…View Comment
Email: Chrissegovia60@gmail.com
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Don Granstaff N/A THERE IS NO LEGITIMATE REASON TO CONTINUE HOLDING FANNIE MAE AND FREDD…View Comment
Email: N/A
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Tom Jones N/A Many shareholders complained about FHFA and Treasury (and maybe Congre…View Comment
Email: N/A
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Michael Graves N/A It is long past time the US Government put aside the fantasy that the…View Comment
Email: N/A
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James Sherman N/A It is time that this situation be made right by the shareholders. I u…View Comment
Email: jamlsher99@yahoo.com
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Charlotte Morse Bridge Investment Group Please see the attached document for comments.View Comment Email: charlotte.morse@bridgeig.com
Attachment: View Attachment
NARAYANA KAMATH N/A The conservatorship was imposed on the GSE for no valid reasons. Sinc…View Comment
Email: nara.kamath@gmail.com
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Rodney Fernandez N/A 11/02/2021 Honorable Sandra L. Thompson FHFA Director Dear Madam Dir…View Comment
Email: rodneytfernandez@bellsouth.net
Attachment: N/A
Wayne Chase N/A Fannie Mae and Freddie Mac should be released from conservatorship imm…View Comment
Email: N/A
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Joseph Mingion N/A Fannie Mae and Freddie Mac should be released from conservatorship imm…View Comment
Email: N/A
Attachment: N/A