Fannie, Freddie Could Need as Much as $126 Billion in Crisis
- Regulator’s stress test subjects companies to severe downturn
- Companies would still have $132 billion in funding remaining
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Fannie Mae and Freddie Mac could need as much as $125.8 billion in bailout money from taxpayers in a severe economic downturn, according to stress test results released Monday by their regulator.
The Federal Housing Finance Agency said that the government-controlled companies, which back nearly half of new mortgages, would need at least $49.2 billion.