Under the terms recommended in FHFA’s review of the Federal Home Loan Banks, 85 current members would fail to meet the 10% mortgage-related asset rule.

Andrew Davidson & Co. executive Richard Cooperstein says the regulatory capital requirements for the GSEs should be set at 1.5 times risk capital, about 1.13%.

The Council of the Federal Home Loan Banks and the Federal Housing Finance Agency find themselves on opposite sides in a debate over the mission of the FHLBanks.

Stricter energy codes would lower residents’ housing costs, improve their health and make them more resilient to the impacts of climate change, according to environmental and consumer groups.

Although the GSEs financed fewer affordable units in small multifamily properties, the number of affordable units in Fannie- and Freddie-financed high-rises and garden apartments spiked from 170,000 to 248,000.

The baseline conforming loan limit for 2024 will rise $40,350 to $766,550 on mortgages for one-unit properties.

Even as the regulator rolls out some FHLB reforms, it knows Congress will have the final say on many of its objectives.

The enterprise’s plan closely resembles an alternative to current buyback policy that was proposed by CHLA in May.

As expected, the amended enterprise regulatory capital framework reduces the risk weight for commingled securities from 20% to 5%.

FHFA Director Sandra Thompson said workforce housing exemptions should still encourage multifamily borrowers to preserve affordable housing for “extended periods.”