Credit unions can comment on a notice of proposed rulemaking that would enhance, clarify, or otherwise refine several provisions of the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac, known as the Enterprises.

The proposed rule includes modifications related to:

• guarantees on commingled securities;
• multifamily mortgage exposures associated with government-subsidized properties, derivatives and cleared transactions; and
• credit scores.

According to the FHFA, the proposed amendments would provide increased clarity and implement the lessons learned through the continued application of the ERCF and better reflect the risks inherent in the Enterprises’ businesses.

Additional details about the proposed rule can be accessed on an FHFA fact sheet. Comments can be made via the proposed rulemaking announcement after it is published in the Federal Register, and within 60 days of publication.