Menu

Watt: “Financial Operations of FNMA Have Stabilized To A Sufficient Level”

By Todd Sullivan

In 2008 HERA created the Housing Trust but also allowed for the suspensions of payments to it from the GSE’s via edict from FHFA under the following conditions:

HERA authorizes the Director of the Federal Housing Finance Agency (FHFA) to suspend these allocations temporarily upon a finding by the Director that such allocations (1) are contributing, or would contribute, to the financial instability of Fannie Mae; (2) are causing, or would cause, Fannie Mae to be classified as undercapitalized;

Read the full article: Watt: “Financial Operations of FNMA Have Stabilized To A Sufficient Level”