ICBA Urges Quick Work on GSE Capital Plan

Dec 20, 2019
ICBA and other organizations urged Federal Housing Finance Agency Director Mark Calabria to quickly re-propose and finalize a rule on recapitalizing Fannie Mae and Freddie Mac.

In a joint letter, the groups raised concerns about economic or political events that could occur during the next year and imperil that rulemaking and subsequent amendments to the government-sponsored enterprises’ Preferred Stock Purchase Agreements. Calabria has said he intends to re-propose the capital rule early next year with the goal of finalizing it by mid-2020.

Read the Letter