The Federal Housing Finance Agency (FHFA) has announced a proposed rule to codify the terms of conservatorship and receivership operations for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. A copy of the rule has been submitted to the Federal Register.

Pursuant to the Housing and Economic Recovery Act of 2008, the proposed rule mirrors many of the requirements in the Federal Deposit Insurance Corp. (FDIC) regulations for conservatorships and receiverships.

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