Former Freddie CEO Don Layton joins critics who argue that, based on the results of the 2021 DFASTs, the current capital rule is far too conservative.

By acing their 2021 stress tests, Fannie Mae and Freddie Mac may have demonstrated they’re no longer a threat to taxpayers, but they’re still years away from having enough capital.

While the Federal Reserve intervened in the mortgage market to lower rates, lenders did not pass along all the savings to homebuyers, the former Freddie chief said.