The Federal Housing Finance Agency (FHFA) has issued a final rule that provides for a temporary increase in the minimum capital level for the Fannie Mae, Freddie Mac and the Federal Home Loan Banks (FHLB). The final rule sets forth provisions for: notice of a temporary increase in a regulated entity’s minimum capital requirement; standards for imposing a temporary increase in minimum capital; standards for rescission of a temporary increase; timeframe for review of temporary increase for the purpose of rescission; requirements for written plans to augment capital; and promulgation of future guidance. Read More…