The Federal Housing Finance Agency (FHFA) has issued a notice soliciting public comments regarding the implementation of a proposed rule in the Housing & Economic Recovery Act (HERA) that authorizes FHFA to initiate enforcement over Fannie Mae and Freddie Mac, as well as the Federal Home Loan Banks. The notice also provides background and synopsis of the proposed rule, a section-by-section analysis and an overview of regulatory impact. Comments on the proposed rule must be received on or before October 12, 2010. Read More…