Regulatory Capital and Liquidity Requirements (Tables)

9 Months Ended

Sep. 30, 2024

Regulatory Capital and Liquidity Requirements

Summary of agencies' capital and liquidity requirements by each agency

	September 30, 2024						December 31, 2023
Requirement/Agency	Actual (1)			Requirement (1)			Actual (1)			Requirement (1)
	(dollars in thousands)
Capital
Fannie Mae & Freddie Mac	$	7,280,027		$	1,330,147		$	6,890,144		$	1,211,365
Ginnie Mae (2)	$	6,909,409		$	1,471,131		$	6,559,001		$	1,314,677
HUD	$	6,909,409		$	2,500		$	6,559,001		$	2,500
Liquidity
Fannie Mae & Freddie Mac	$	1,155,446		$	611,836		$	1,243,927		$	543,913
Ginnie Mae	$	1,181,210		$	445,873		$	1,684,457		$	389,501
Adjusted net worth / Total assets ratio
Ginnie Mae		40	%		6	%		48	%		6	%
Tangible net worth / Total assets ratio
Fannie Mae & Freddie Mac		32	%		6	%		37	%		6	%

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

(2) Ginnie Mae has issued a risk-based capital requirement that will become effective December 31, 2024. The Company believes it is in compliance with the Agency’s pending requirement as of September 30, 2024.