Nonprofit groups said the new rule will lead to higher guarantee fees, potentially pricing many low-income families and families of color out of the GSE channel.

The move indicates that investors holding certain Fannie Mae and Freddie Mac credit-risk transfers can expect losses.

Jeffery Hayward will assume the newly created position of chief administrative officer at Fannie. He will oversee affordable housing, as well as environmental, social and governance programs.

After the comment period on the re-proposed GSE capital rule closes, the FHFA will hold “listening sessions” allowing stakeholders to elaborate on their comments.

Freddie originally planned to issue a $550 million STACR, but then increased the offering size to $1.1 billion due to investor demand.

Freddie Mac returned to market in July with a $425 million ACIS deal and $1.1 billion STACR, leading GSE watchers to conclude the CRT market has returned from the dead. Others are not so sure.

According to officials of the government-sponsored enterprise, credit-risk transfer operations are back to normal.

After Sept. 15, Fannie Mae and Freddie Mac will no longer accept LIBOR loan applications. Moreover, the FHFA and the GSEs expect all loan purchases linked to the London benchmark to cease by yearend.

The platform is used to estimate the future performance of the loans owned or guaranteed by Fannie Mae and Freddie Mac.

According to former Fannie Mae CFO Tim Howard, the re-proposed capital requirements are almost 40 times the average of that indicated by stress tests conducted on the GSEs last year.