Statement on FHFA Final Capital Rule from Hugh R. Frater, Chief Executive Officer, Fannie Mae
"FHFA's capital rule for the housing GSEs is an important step in ensuring the housing finance system can serve the needs of homeowners, renters, and the broader mortgage market for generations to come. The new capital standards set the stage for a responsible end to the conservatorship and a future recapitalization of Fannie Mae. We applaud Director Calabria for his leadership in finalizing the rule. Fannie Mae is a very different company than at the beginning of conservatorship. We are better managed, better regulated, and better able to serve homeowners and renters. Adequate capital will allow us to build on these advances by operating safely and soundly, protecting taxpayers from loss, and serving our affordable housing mission."
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