FHFA Suspended Counterparty Program — Reputational Harm Removal
Current understanding
FHFA has proposed to amend its Suspended Counterparty Program regulation to remove ‘reputational harm’ as a basis for suspending counterparties of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. The stated rationale is to eliminate redundancy with other suspension bases and to ground counterparty risk supervision in material, measurable risks. Status: proposed rule.
Evidence log
- 2026-07-13 — Federal Home Loan Bank New Business Activities: cross-connection with fhlb-new-business-activities-repeal: Both are FHFA rulemakings adjusting the agency’s regulatory framework over its regulated entities (FHLBanks and the broader housing GSE counterparty regime). (novelty: 2)
- 2026-07-13 — Suspended Counterparty Program: cross-connection with ncua-reputation-risk-prohibition: Parallel deregulatory moves across financial regulators to remove ‘reputation’-based criteria from supervisory frameworks in favor of material, measurable risk factors. (novelty: 2)