CONTACT:
Scott Olson scottolson@communitylender.org
CHLA Lauds FHFA for Moving Forward on Re-Proposal of Capital Rule for Fannie Mae and Freddie Mac “Important Step” for Recapitalization of the GSEs
Scott Olson, Executive Director of the Community Home Lenders Association (CHLA) today issued the following statement in response to FHFA’s announcement that it would be reproposing a capital rule for Fannie Mae and Freddie Mac:
“The Community Home Lenders Association (CHLA) commends FHFA Director Calabria for today’s announcement that FHFA will be moving forward on re-proposing a capital rule for Fannie Mae and Freddie Mac. This rule is an important step towards the recapitalization of the GSEs and follows other important actions FHFA has recently taken, which include suspending the GSE profit sweep and enforcing a policy of G Fee parity.”