Regulatory Capital and Liquidity Requirements (Tables)

9 Months Ended

Sep. 30, 2025

Regulatory Capital and Liquidity Requirements

Summary of agencies' capital and liquidity requirements by each agency

	September 30, 2025						December 31, 2024
Requirement/Agency	Actual (1)			Requirement (1)			Actual (1)			Requirement (1)
	(dollars in thousands)
Capital
Fannie Mae & Freddie Mac	$	7,955,212		$	1,510,727		$	7,457,748		$	1,380,100
Ginnie Mae	$	7,798,589		$	1,662,844		$	6,952,347		$	1,526,074
HUD	$	7,798,589		$	2,500		$	6,952,347		$	2,500
Risk-based capital
Ginnie Mae		41	%		6	%		40	%		6	%
Liquidity
Fannie Mae & Freddie Mac	$	1,124,919		$	696,067		$	870,243		$	630,698
Ginnie Mae	$	1,070,163		$	511,389		$	1,208,755		$	460,200
Adjusted net worth / Total assets ratio
Ginnie Mae		39	%		6	%		35	%		6	%
Tangible net worth / Total assets ratio
Fannie Mae & Freddie Mac		32	%		6	%		29	%		6	%

(1) Calculated in accordance with the respective Agency’s requirements.