Critics argue that the mechanical method for determining the loan limits distorts the market and makes it harder for the GSEs to meet their affordable housing goals.
Critics say FHFA’s proposed changes to the enterprise regulatory capital framework are a move in the right direction, but the agency still hasn’t addressed the procyclicality of the rule or explained how the new provisions were calculated.
The Federal Housing Finance Agency sets new standards for assessing Fannie Mae’s and Freddie Mac’s performance and releases a report assessing its own performance.
If the Senate fails to resolve the debt ceiling in time, the federal government’s credit rating will likely be downgraded to “restricted default.” So, too, will the ratings on GSE debt.
Mike Gill was part of the team brought in by former FHFA Director Mark Calabria to prepare CSS to issue securities for potential competitors of Fannie and Freddie.