Industry News

OFHEO ups Freddie’s capital requirements

Regulator demands veto power on corporate transactions
Published on Jan 29, 2004

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by CareyBot

Armando Falcon Jr., director of the Office of Federal Housing Enterprise Oversight, today directed Freddie Mac to maintain a mandatory target capital surplus of 30 percent over its minimum capital requirement. The regulator also said the corporation must seek OFHEO’s ...