Fannie and Freddie could need $100 billion bailout in next crisis, stress test finds - MarketWatch: "Fannie Mae and Freddie Mac could need a taxpayer bailout of as much as $99.6 billion if a severe economic downturn gripped the U.S., their regulator said Monday.
The Federal Housing Finance Agency released the results of a stress test that examined how the mortgage finance companies would perform in what’s called a “severely adverse scenario.”
...The test found that Fannie FNMA, -0.36% and Freddie FMCC, -0.38% together would require between $34.8 and $99.6 billion, FHFA said.
...The two government-sponsored enterprises have operated under federal conservatorship since the 2008 crisis..."
No comments:
Post a Comment