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FHFA proposes liquidity requirements for GSEs

The Federal Housing Finance Agency is looking to finalize a rule that would require Fannie Mae and Freddie Mac to hold higher levels of liquidity to protect against any sudden shortfalls, creating a further $10 billion cushion for the publicly-held mortgage companies.

The measure – which is now up for final comment after previously having been implemented – also creates minimum funding requirements for the government sponsored enterprises.

The FHFA said the liquidity rule would provide additional security to the public in the wake of the 2008 financial crisis, when the mortgage giants did not possess details ⇒

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