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Home » Store » Taxable » OFHEO and Baker Clash on Latest RBC Change

OFHEO and Baker Clash on Latest RBC Change

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Bowing to pressure, the Office of Federal Housing Enterprise Oversight this week agreed to extend the comment period on a series of proposed “technical” changes to its risk-based capital rule. The decision followed several days of testy correspondence between OFHEO and Congressman Richard Baker, R-LA, who heads the House Financial Services Committee’s GSE subcommittee. Baker had requested an extension of the original 10-day comment period two weeks ago, but as recently as Friday OFHEO was
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