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Fannie, Freddie could need US$126b in crisis, test shows

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Published Tue, Aug 9, 2016 · 09:50 PM

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FANNIE Mae and Freddie Mac could need as much as US$125.8 billion in bailout money from taxpayers in a severe economic downturn, according to stress test results released on Monday by their regulator.

The Federal Housing Finance Agency (FHFA) said that the government-controlled companies, which back nearly half of new mortgages, would need at least US$49.2 billion.

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