6.1.20
A proposed FHFA plan to assist Fannie Mae and Freddie Mac in withstanding losses could end up impacting borrowers with less wealth and lower incomes according to Bloomberg. The current proposal would require the GSEs to hold around $240 billion in capital which is 70% more than they were required to hold in 2018. Bob Ryan, a former senior FHFA adviser and current mortgage consultant, noted that the proposal would most likely raise mortgage rates between 0.15% and 0.20%.