U.S. housing finance regulator adopts new capital rule for Fannie Mae, Freddie Mac
WASHINGTON (Reuters) - Housing giants Fannie Mae and Freddie Mac would have to raise over $200 billion in new capital to fall in line with a new capital rule finalized Wednesday by their regulator.
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November 18, 2020
WASHINGTON (Reuters) – Housing giants Fannie Mae and Freddie Mac would have to raise over $200 billion in new capital to fall in line with a new capital rule finalized Wednesday by their regulator.
The new rule from the Federal Housing Finance Agency places bank-like capital requirements on the pair, and was seen as a key step in preparing the two to eventually leave government control and return to operating as private companies.
(Reporting by Pete Schroeder; editing by Diane Craft)