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

Under the stipulations of the stress test, a global economic crisis, in this case called a "severely adverse scenario," would require Fannie Mae and Freddie Mac to draw between $49.2 billion.

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Fannie Mae, Freddie Mac, the CRA, and the Financial Crisis When politics and economics meet, the result looks like what happens when the Arctic air mass (sometimes know here as "the cold air from Canada") meets the warm air from the Gulf of Mexico in the Mid-West.

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Fannie Mae and Freddie Mac may need another massive taxpayer bailout, according to a new Inspector General report which casts doubt on their future profit margins. The federal housing finance agencies were bailed out by taxpayers after the 2008 financial crisis, in the form of a $188 billion Treasury buyout of shares.

Invoking an emergency procedure Wednesday evening, the Justice Department appealed a judge’s order that would force the government to turn over at least 56 documents that might shed light on why.

Fannie Mae and Freddie Mac. It was the best of both worlds – until the housing market melted down in 2008. The government’s bailout of Fannie and Freddie cost $187.5 billion. Fannie and Freddie have more recently become hugely profitable, and the housing market is more dependent on them than ever.

In one of the fateful moments in the financial crisis, Fannie Mae and Freddie Mac were placed in conservatorship on September 6, 2008, one week before the earth-shattering collapse of Lehman. The panic that followed the Lehman bankruptcy overshadowed the crisis facing the two mortgage giants, but the idea that these two companies could both.

WASHINGTON – The mortgage giants fannie Mae and Freddie Mac could require as much as $78 billion in bailout money in the event of a serious financial crisis, according to stress test results released Tuesday by the Federal Housing Finance Agency. The government-sponsored enterprises would need to.

Were Fannie Mae and Freddie Mac the real cause of the subprime mortgage crisis? It’s dangerous to think so. That’s because they were a prime example of the broader economic forces that caused the banking credit crisis and bailout. Legislative attempts to rapidly wind down Fannie and Freddie would not prevent another recession.