The Office of Federal Housing Enterprise Oversight has granted an extension of the public comment period for the proposed risk-based capital rule for Fannie Mae and Freddie Mac.

This extension, which expires March 10, is the second extension that has been granted to the institutions. Both Fannie Mae and Freddie Mac, along with the Mortgage Bankers Association of America and the Mortgage Insurance Companies of America have applied for the extension, stating that they needed more time to duplicate the computer model that OFHEO used to conduct a risk-based capital stress test in 1996 and 1997.

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