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Prudential Management and Operations Standards

Publication Details
Type
Proposed Rulemaking
Document Number
2011-15100
Federal Register Publish Date
06/20/2011
Federal Register Citation
76 FR 35791
PDF Format
Comment Open Date
06/20/2011
Comment End Date
08/19/2011
Comment Status
Closed
Rulemaking Details
Rulemaking

Prudential Management and Operations Standards

Contact Information

FOR FURTHER INFORMATION CONTACT: ​Amy Bogdon, Associate Director, Division of Federal Home Loan Bank Regulation, Federal Housing Finance Agency, 1625 Eye Street, NW., Washington, DC 20006, amy.bogdon@fhfa.gov, (202) 408–2546; Carol Connelly, Principal Supervision Specialist, Division of Examination Programs and Support, carol.connelly@fhfa.gov, (202) 414–8910; or Neil R. Crowley, Deputy General Counsel, neil.crowley@fhfa.gov, (202) 343–1316, Federal Housing Finance Agency, 1700 G Street, NW., Washington, DC 20552 (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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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: Section 1108 of the Housing and Economic Recovery Act of 2008 (HERA) amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) to require the Federal Housing Finance Agency (FHFA) to establish prudential standards relating to the management and operations of the Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), and Federal Home Loan Banks (Banks) (collectively, regulated entities). FHFA is proposing to implement those HERA amendments by providing for the establishment of the prudential standards in the form of guidelines, which initially would be set out in an appendix to the rule. The proposal also would include other provisions relating to the possible consequences for a regulated entity that fails to operate in accordance with the prudential standards.

DATES: Written comments on the proposed rule must be received on or before August 19, 2011. For additional information, see SUPPLEMENTARY INFORMATION.​

Public Comments people-icon

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

4 items
CSV
Date First Name Last Name Organization Comment
Timothy J. Mayopoulos Fannie Mae View CommentView Comment Email: N/A
Attachment: View Attachment
Lisa M. Ledbetter Freddie Mac View CommentView Comment Email: N/A
Attachment: View Attachment
W. Wesley McMullan Federal Home Loan Bank of Atlanta Edward A. Hjerpe III, Federal Home Loan Bank of Boston; Matthew R. Fel…View Comment
Email: N/A
Attachment: View Attachment
Suzanne C. Hutchinson Mortgage Insurance Companies of America (MICA) View CommentView Comment Email: N/A
Attachment: View Attachment