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Director of OFHEO Announces Upgrades to Risk-Based Capital Rule

Tuesday, December 11, 2001 - 8:00AM

Armando Falcon, Jr., director of the Office of Federal Housing Enterprise Oversight (OFHEO) today announced improvements to OHFEO’s risk-based capital rule, which was published September 13 in the Federal Register. The final rule prompted concern from affordable housing professionals that interest from government sponsored entities (GSEs) in housing finance agency (HFA) bonds may be diminished by a provision that would enforce counterparty discounts. Falcon said the modifications were meant to improve the ability of the rule to closely tie capital to risk.

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