HPC Strongly Supports FHFA Announcement on Proposed Capital Framework
For Immediate Release: November 19, 2019
Washington, D.C. – The Housing Policy Council (HPC) released the following statement in strong support of Federal Housing Finance Agency (FHFA) Director Mark Calabria’s announcement regarding the Enterprise Capital Requirements:
“The Housing Policy Council strongly supports the Federal Housing Finance Agency’s decision to re-propose a new capital framework for Fannie Mae and Freddie Mac. Last year, HPC recommended that FHFA re-propose the framework because it was based upon a set of assumptions and models that were not fully disclosed to the public. That proposal also failed to address systemic risk issues, lacked any reasonable comparability to other federal capital regimes, and was pro-cyclical. HPC believes it entirely appropriate for FHFA to take this step, and we look forward to reviewing and commenting on the new proposal.”
The Housing Policy Council’s comment letter from November 2018 can be found here.