§4624 Reviews of enterprise assets and liabilities

Summary

The Director must make rules that say what the enterprises can hold in their portfolios. The rules must make sure holdings have enough capital and fit the enterprises’ mission and safe operations. In making the rules, the Director must look at the enterprises’ ability to create a liquid secondary market through securitization, their size in the mortgage market, and the standards in section 4513b. The Director can temporarily change those standards by order during economic stress or market problems. The Director must watch each enterprise’s portfolio and can order an enterprise to sell or buy any asset, under terms the Director sets, if the action is consistent with the purposes of this Act or any authorizing statute, regardless of the enterprises’ capital classifications.