Federal Housing Finance Agency (FHFA) Director Mel Watt said a new risk-based capital and minimum leverage capital rule is in the works, which would replace Office of Federal Housing Enterprise Oversight (OFHEO) capital standards put in place prior to the conservatorship of the government-sponsored enterprises (GSEs).
Some financial industry participants have expressed support for the forthcoming proposed rule Watt talked about while testifying before the Senate Banking Committee.
Find out more about what the agency hopes to accomplish with the rule and what other topics were addressed in the FHFA’s 2017 Report to Congress.