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6/11/2020

Statement of Secretary Steven T. Mnuchin on the Announcement of the Re-Proposed Capital Rule for the Enterprises by the Federal Hou…

Statement of Secretary Steven T. Mnuchin on the Announcement
of the Re-Proposed Capital Rule for the Enterprises by the
Federal Housing Finance Agency
May 20, 2020

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement
today following the announcement of the Re-Proposed Capital Rule for the Enterprises by the
Federal Housing Finance Agency:
“I commend Director Mark Calabria and the FHFA for their work on this issue. Establishing
regulatory capital requirements for both GSEs represents an important step toward bringing the
conservatorships to an end. Appropriate capitalization of the GSEs will be critical to protecting
taxpayers, fostering market discipline, promoting stability in the housing finance system, and
ensuring durable consumer access to mortgage credit.”
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https://home.treasury.gov/news/press-releases/sm1016

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