The Federal Housing Finance Agency (FHFA) has issued a final rule to establish a framework for conservatorship and receivership operations for Fannie Mae, Freddie Mac and the Federal Home Loan Banks, as contemplated by the Housing and Economic Recovery Act of 2008 (HERA). The rule codifies and implements statutory changes enacted by HERA and includes provisions that outline the basic authorities of FHFA when acting as conservator or receiver for the entities.
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