Almost exactly a year after taking the helm as acting director, Thompson begins a five-year term as head of the Federal Housing Finance Agency. She is the first woman to hold the job.
The new 50-basis-point upfront fee is intended to offset the cost of capital each enterprise is required to hold for guaranteeing the collateral of its competitor.
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.