Aug
07
Fannie-Freddie Might Need $100 Billion in New Crisis, FHFA Says
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Agency reports results from latest Dodd-Frank Act stress tests
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Aid draw in worst scenario would leave $158 billion available
Mortgage-finance giants Fannie Mae and Freddie Mac could need nearly $100 billion in bailout money in the event of a new economic crisis, according to stress test results released Monday by their regulator.
The companies would need to draw between $34.8 billion and $99.6 billion in U.S. Treasury aid under a “severely adverse” scenario, depending on how they treated assets used to offset taxes, the Federal Housing Finance Agency said in its report. The losses would leave $158.4 billion to $223.2 billion available to the companies under their bailout agreements…
Fannie-Freddie Might Need $100 Billion in New Crisis, FHFA Says
