Fannie Mae Would Need New Bailout in Downturn, FHFA Says - Bloomberg
The two mortgage-finance giants, which have already taken
$187.5 billion in taxpayer aid since 2008, would need more funds
to stay afloat if home prices plummeted in a severe downturn,
the Federal Housing Finance Agency said in a report today. The
stress tests, mandated by the Dodd-Frank Act, use the same
assumptions that the Federal Reserve does in gauging the ability
of the nation’s largest banks to withstand a recession.
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