FHFA Releases New Capital Rule for Fannie Mae, Freddie Mac

Codes and Standards
Published

The Federal Housing Finance Agency (FHFA) today re-proposed a 2018 plan to establish a new regulatory capital framework for Fannie Mae and Freddie Mac. The proposed rule is a critical step toward FHFA’s goal to release the two government-sponsored enterprises from conservatorship.

If the new proposal had been in effect in 2019, Fannie Mae and Freddie Mac would have held a combined $243 billion in capital, the FHFA said.

Fannie Mae and Freddie Mac were placed into conservatorship by the U.S. Treasury in September 2008.

Comments will be due 60 days after the notice is published in the Federal Register.

View the FHFA press release.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Sustainability and Green Building

Mar 02, 2026

Top 10 States for NGBS Green Certification Activity in 2025

Texas once again tops multifamily certification, and Florida took the top spot for most single-family certifications for the second consecutive year.

Workforce Development | Student Chapters

Mar 02, 2026

NAHB Student Competition Success Shows Residential Construction Future is Bright

For two days at the International Builders' Show, aspiring land developers, designers and project managers from NAHB Student Chapters across the country presented thorough building proposals and fielded tough questions from an audience of construction company executives.

View all

Latest Economic News

Economics

Feb 27, 2026

Gains for Student Housing Construction in the Last Quarter of 2025

Private fixed investment for student dormitories was up 1.5% in the last quarter of 2025, reaching a seasonally adjusted annual rate (SAAR) of $3.9 billion. This gain followed three consecutive quarterly declines before rebounding in the final two quarters of the year.

Economics

Feb 27, 2026

Price Growth for Building Materials Slows to Start the Year

Residential building material prices rose at a slower rate in January, according to the latest Producer Price Index release from the Bureau of Labor Statistics. This was the first decline in the rate of price growth since April of last year. Metal products continue to experience price increases, while specific wood products are showing declines in prices.

Economics

Feb 26, 2026

Home Improvement Loan Applications Moderate as Borrower Profile Gradually Ages

Home improvement activity has remained elevated in the post-pandemic period, but both the volume of loan applications and the age profile of borrowers have shifted in notable ways. Data from the Home Mortgage Disclosure Act (HMDA), analyzed by NAHB, show that total home improvement loan applications have eased from their recent post-pandemic peak, and the distribution of borrowers across age groups has gradually tilted older.