The Federal Housing Finance Agency (FHFA) issued a final rule requiring Fannie Mae and Freddie Mac to submit annual capital plans to the FHFA for review and approval, a step toward capitalization and reform of Fannie and Freddie.
CUNA would support FHFA taking those steps, as its housing finance reform principles include strong capital requirements as part of the strong oversight and supervision of Fannie and Freddie.
Fannie and Freddie’s first capital plans are due May 20, 2023.
The plans must include: