Home World Business Speedy Overhaul of Fannie and Freddie Is Hardly Easy

Speedy Overhaul of Fannie and Freddie Is Hardly Easy

It may be possible for current officials to take some big steps setting Fannie Mae and Freddie Mac on a path to exiting government control before President-elect Joe Biden takes office. But like anything having to do with the housing giants, it won’t be simple.

The completion of a new capital rule for Fannie and Freddie in November creates one complexity. Under the new requirement, at their combined size Fannie and Freddie would need to collectively have about $280 billion in equity capital—on the order of $250 billion more…

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