Fannie mae freddie mac phone number1/6/2023 The Mortgage Bankers Association asked the FHFA to adopt the rule as proposed in its December comment letter. "The rule published today will foster financial stability at the Enterprises and in the broader housing finance market." "By allowing market participants to assess key information about the Enterprises' risk profiles and associated levels of capital, this final rule will promote transparency and encourage sound risk management practices at the Enterprises," said Sandra Thompson, who was confirmed as FHFA director by the Senate Wednesday. This allows Fannie Mae and Freddie Mac to establish internal reporting and governance functions and will minimize duplicative reporting by aligning the schedule of annual qualitative disclosures with their annual 10-K filings with the Securities and Exchange Commission, the final rule said. The GSEs must issue their initial public disclosure reports under this final rule in the first quarter of 2023. The Federal Housing Finance Agency issued its final rule regarding public disclosure requirements for Fannie Mae and Freddie Mac on corporate governance, risk management, capital structure and capital requirements, aligning the government-sponsored enterprises with what large banks already do.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |