The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) on the current and future natural disaster risk to the housing finance system and to Fannie Mae and Freddie Mac (the Government Sponsored Enterprises, or GSEs) and the Federal Home Loan Banks (the FHLBanks)-collectively the regulated entities. The information that FHFA is requesting will enhance the Agency's ability to fulfill its statutory mission to ensure that the regulated entities operate in a safe and sound manner. The RFI raises questions about two broad sets of issues: identifying and assessing climate and natural disaster risk and enhancing FHFA's supervisory and regulatory framework. "Natural disasters can adversely affect the regulated entities. Historically, the ability to assess the scale, timing, location, and impact of such risks has been limited. Today's RFI will help FHFA better understand and address the regulated entities' exposure to climate and natural disaster risk," said Director Mark Calabria.
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