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Severe Economic Downturn could Trigger GSE Bailout

Thursday, April 30, 2015

The Federal Housing Finance Agency reports that the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac might together require government assistance of as much as $157.3 billion in the event of an extremely severe economic downturn.  The figure comes as a result of a stress test mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act for certain financial institutions with more than $10 billion in assets, criteria which includes the two companies which are in Federal conservatorship.

The test, an annual requirement, is designed to determine whether an institution can absorb losses as a result of hypothetical adverse economic conditions.

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