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  "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)",
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  "presentationDate": "2025-01-16 00:00:00",
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  "notes": "The slide uses a specific scenario analysis to argue against higher capital requirements for GSEs.",
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      "kind": "callout",
      "text": "Potential increases in g-fees would cost the typical homebuyer significantly more in interest over the life of his or her mortgage",
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      "text": "A post-conservatorship capital standard of 4% would in effect be a tax on American homebuyers to fund overly capitalized balance sheets at the GSEs",
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      "text": "Implied Incremental Interest: $29,170",
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      "text": "Note: Average U.S. single-family home sales price as per Federal Reserve Bank of St. Louis for the third quarter of 2024. National average mortgage rate as per Freddie Mac for the weekly average as of January 9, 2025.",
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      "text": "Set Appropriate Capital Requirements (Cont.)",
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