Just a week after imposing onerous new capital disclosure requirements on Fannie and Freddie, FHFA adopts a rule requiring them to file annual capital plans.
The White House action plan for increasing the supply of affordable housing largely piggybacks on the duty-to-serve plans of Fannie Mae and Freddie Mac.
According to the former FHFA chief, given the state of the mortgage and equity markets, Fannie Mae won’t survive another round of home price depreciation.
Trade groups are resigned to whatever model FHFA chooses, but they need data on how it performs compared to FICO to set up their own systems and procedures.
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