If government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac were taken out of conservatorship and returned to the private market, would they withstand another major downturn in the economy? According to stress tests recently conducted by the federal housing finance Agency, maybe, maybe not.
The Fannie Mae and Freddie Mac bailout occurred on September 7, 2008. The U.S. Treasury Department was authorized to purchase up to $100 billion in their preferred stock and mortgage-backed securities.As a result, they were put into conservatorship by the Federal Housing Finance Agency.
· Fannie and Freddie Will Be Profitable After Their Next Bailouts, Too.. reducing their equity and requiring – perhaps – another bailout. The FHFA ran the stress tests two ways, both assuming that the deferred tax asset went away and required more bailout funds, and not. The Fannie/Freddie deferred tax assets got quite a workout in the.
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FHFA Releases Results Of Fannie And Freddie Stress Tests – If government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac were taken out of conservatorship and returned to the private market, would they withstand another major downturn in the economy? According to stress tests recently conducted by the Federal Housing Finance Agency, maybe, maybe not.
Fannie Mae and Freddie Mac would need as much as $100 billion in bailout funding in the form of a potential incremental Treasury draw, in the event of a new economic crisis which sends the S&P some 50% lower and results in a failoure of their largest counterparty.
Fannie and Freddie’s bailout need in the new report was lower than what the FHFA reported in prior years, reflecting both slightly different tests and improving risk profiles at the companies. Last year, FHFA said the companies would need as much as $126 billion, while in 2015 the agency said they would need up to $157.3 billion.
Government Watchdog Warns – Fannie, Freddie Could Need Another Bailout.. The report from the inspector general for the Federal Housing Finance Agency, which regulates Fannie and Freddie, warns that the companies’ declining profits and capital cushions could leave them vulnerable in the.
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· government hints fannie/freddie Would Need Another Bailout If Conditions Deteriorate. Zero Hedge March 20, 2015. Bill Ackman – who may or may not have. The problem with this, to let the FHFA tell it, is that Fannie and Freddie may well go broke again, at which point taxpayers would once again be on the hook for subsidizing their own bad.
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