Department of Housing and Urban Development, Office of Federal Housing Enterprise Oversight: Risk-Based Capital
GAO-01-1055R: Sep 18, 2001
- Full Report:
GAO reviewed the Department of Housing and Urban Development, Office of Federal Housing Enterprise Oversight (OFHEO), on risk-based capital. GAO found that (1) the rule would specify the risk-based capital stress test that will be used to determine the risk-based capital requirement for the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association (Collectively, the Enterprises) and, along with the minimum capital requirement, to determine each Enterprise's capital classification for purposes of possible supervisory action, and (2) OFHEO complied with the applicable requirements in promulgating the rule.