With the closing of the reply-comment period on the risk-based capital rule proposed by the Office of Federal Housing Enterprise Oversight, the safety and soundness regulator of Fannie Mae and Freddie Mac hopes to have a final rule ready by the close of 2000.

"We're sorting through and reviewing the thousands of pages of comments we've received so far," said OFHEO spokeswoman Stefanie Mullin. "The next step is to consider how to respond to each comment and then we'll begin rewriting the rule."

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