Fannie Mae, Freddie Mac would need another bailout in severe economic crisis

W e all know the familiar story of how the financial crisis that precipitated the Great Recession supposedly came to be. Mortgage lenders issued a large number of exotic, subprime, adjustable-rate mortgages that were packaged into securities eventually purchased by the enormous government-sponsored enterprises Fannie Mae and Freddie Mac.

Fannie Mae and Freddie Mac would need up to $100 billion if another financial crisis struck, according to the results of "stress tests" for the two bailed-out mortgage giants released Monday.

Mortgage Bankers Association adds 11 new members in March Clearing House Association fought Bloomberg’s lawsuit up to the U.S. Supreme Court, which declined to hear the banks’ appeal in March 2011. with Graham Fisher & Co. in New York who predicted.

Fannie Mae headquarters in Washington. Fannie Mae and Freddie Mac together could need a taxpayer bailout of as much as $125.8 billion in a new, severe economic downturn. test required by the.

WASHINGTON (Reuters) – Mortgage finance companies Fannie Mae and Freddie Mac could need to draw as much as $190 billion in additional taxpayer aid if the economy suffered a severe downturn. capital.

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The core businesses of the mortgage-finance companies are remarkably healthy. But a mix of accounting and politics could cause one or both to need another taxpayer bailout.

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“It’s going to be a tough needle for her to thread – people on the left still believe Fannie and Freddie was a good model and that the housing crisis. reforms need to be made. Fannie Mae and.

Are Fannie Mae and Freddie Mac Headed for a New $157 Billion Bailout?. the lack of capitalization at the agencies could create the need for another bailout of up to $157.3 billion from U.S.

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