; determination The Director may suspend the applicability of the capital ratio under section 716(b) for the Mutual Mortgage Insurance Fund or any capital reserve requirement established pursuant to section 219 for any Fund specified under such section and establish a temporary alternative capital ratio with respect to such Fund for a specified period of time, but only upon a determination by the Board, in consultation with the Chief Risk Officer, that— (1) available credit throughout the United States or a significant portion of the United States for the purchase of the types of residences for which mortgages that obligations of such Fund are made has contracted significantly, as measured by the credit availability measure of the Office of the Comptroller of the Currency; (2) housing prices throughout the United States or a significant portion of the United States have declined significantly, as measured by the applicable housing price index of the Federal Housing Finance Agency