Financial Stability Oversight Council Supports FHFA Capital Proposal
The Financial Stability Oversight Council voted unanimously on Sept. 25 to support a resolution in favor of the Federal Housing Finance Agency's (FHFA) re-proposed capital framework for Fannie Mae and Freddie Mac that was issued this spring. Created by the Dodd-Frank Act of 2010, the Financial Stability Oversight Council (FSOC) is a committee responsible for monitoring the financial system in the United States. Though offering support for the proposal, FSOC noted that the proposed capital would be much lower than what is required for banks.
FHFA's proposed rule is a critical step toward the agency's goal to release the two government-sponsored enterprises from conservatorship. When it announced the plan in May, FHFA said that if the new proposal had been in effect in 2019, Fannie Mae and Freddie Mac would have held a combined $243 billion in capital.
NAHB recently sent written comments to FHFA expressing concern that its proposed higher capital requirements for Fannie Mae and Freddie Mac could ultimately raise the cost of mortgage credit.
Latest from NAHBNow
May 13, 2025
What Are the Highest Paying Jobs in Construction?Half of payroll workers in construction earn more than $60,320, compared to the U.S. median annual pay of $49,500, and the top 25% make at least $81,510, according to the latest May 2024 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by NAHB. See which occupations in the construction are the highest earning.
May 12, 2025
Statement from NAHB Chairman Buddy Hughes on U.S.-China Tariff AgreementBuddy Hughes, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Lexington, N.C., issued a statement after the U.S. and China announced a 90-day pause on most of the tariffs each nation has imposed on one another.
Latest Economic News
May 13, 2025
Inflation Eased Again in AprilInflation slowed to a 4-year low in April while shelter inflation remained elevated. Despite the easing, inflation may pick up in the coming months as possible inflationary pressure from enacted tariffs and other policy uncertainties continues to threaten economic growth and complicate the Fed’s path to its 2% target.
May 13, 2025
Residential Mortgages Experience Weaker Demand in First QuarterOverall demand for residential mortgages was weaker while lending standards for most types of residential mortgages were essentially unchanged according to the Federal Reserve Board’s April 2025 Senior Loan Officer Opinion Survey (SLOOS).
May 13, 2025
Highest Paid Occupations in Construction in 2024Half of payroll workers in construction earn more than $60,320 and the top 25% make at least $81,510, according to the latest May 2024 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB). In comparison, the U.S. median annual pay is $49,500, while the top quartile (the highest paid 25%) makes at least $78,810.