The new 50-basis-point upfront fee is intended to offset the cost of capital each enterprise is required to hold for guaranteeing the collateral of its competitor.
Just a week after imposing onerous new capital disclosure requirements on Fannie and Freddie, FHFA adopts a rule requiring them to file annual capital plans.
The White House action plan for increasing the supply of affordable housing largely piggybacks on the duty-to-serve plans of Fannie Mae and Freddie Mac.