The Secretary of HUD's Regulation of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); Advance Notice of Proposed Rulemaking

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Through this notice HUD seeks comments from the public regarding a possible future proposed rule on non-mortgage investments to amend HUD's regulations at 24 CFR Part 81 governing the Federal Home Loan Mortgage Corporation (Freddie Mac) and Federal National Mortgage Association (Fannie Mae) (both are known as Government Sponsored Enterprises or GSEs). Under their respective Charters, the GSEs have broad authority to invest their funds. The Secretary of HUD, however, has general regulatory power over the GSEs to ensure that the purposes of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, the Federal National Mortgage Association Charter Act, and the Federal Home Loan Mortgage Corporation Act are accomplished. HUD's current GSE regulations do not contain specific provisions concerning non-mortgage investments by the GSEs. Accordingly, HUD seeks the public's comments regarding possible regulations concerning these investments. Such comments may include, but should not be limited to, whether regulations should be issued governing the GSEs' non-mortgage investments and, if so, what specific requirements should be considered for such regulations including repor