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<a href="http://www.accessmylibrary.com/article-1G1-84739158/ofheo-determines-fannie-and.html" title="Facts and information about OFHEO determines Fannie and Freddie adequately capitalized. (Business Alert).(Office of Federal Housing Enterprise Oversight)(Brief Article)">OFHEO determines Fannie and Freddie adequately capitalized. (Business Alert).(Office of Federal Housing Enterprise Oversight)(Brief Article)</a>
OFHEO determines Fannie and Freddie adequately capitalized. (Business Alert).(Office of Federal Housing Enterprise Oversight)(Brief Article)
Mortgage Banking
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April 01, 2002 |
COPYRIGHT 2009 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
OFHEO HAS DETERMINED THAT BOTH Fannie Mae and Freddie Mac were adequately capitalized at Dec. 31, 2001. The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 requires the OFHEO director to determine the capital level and classification of the GSEs not less than quarterly, and to report the results to Congress. OFHEO determines whether the enterprises are adequately capitalized, undercapitalized, significantly undercapitalized or critically undercapitalized. OFHEO has determined that Fannie Mae's minimum capital requirement was $24.182 billion and its critical capital level was $12.324 billion at Dec. 31, 2001. Thus, Fannie Mae's core capital of $25.182…
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Source: HighBeam Research, OFHEO determines Fannie and Freddie adequately capitalized. (Business...