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Dodd-Frank Act Stress Tests - Severely Adverse Scenario20992<h2>Background </h2> <br> <ul><li>This report provides updated information on possible ranges of future financial results of Fannie Mae and Freddie Mac (the &quot;Enterprises&quot;) under severely adverse conditions. The severely adverse conditions assumed were identical for both Enterprises.</li><li>The Enterprises are required to conduct stress tests per FHFA rule 12 CFR § 1238, which implements section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the &quot;Dodd-Frank Act&quot;). Section 165(i)(2) of the Dodd-Frank Act requires certain financial companies with total consolidated assets of more than $10 billion, and which are regulated by a primary Federal financial regulatory agency, to conduct annual stress tests to determine whether the companies have the capital necessary to absorb losses as a result of adverse economic conditions. This is the third implementation of the Dodd-Frank Act Stress Tests (DFAST).</li><li>The projections reported here are not expected outcomes. They are modeled projections in response to &quot;what if&quot; exercises based on assumptions about Enterprise operations, loan performance, macroeconomic and financial market conditions, and house prices. The projections do not define the full range of possible outcomes. Actual outcomes may be very different. </li><li>An overview of the DFAST Severely Adverse scenario is described on page 4. The Enterprises used their respective internal models to project their financial results based on the assumptions provided by the Federal Reserve and FHFA. </li><li>While this effort achieves a degree of comparability between the Enterprises, it does not eliminate differences in their respective internal models, accounting differences, or management actions. </li></ul><h2>Dodd‐Frank Act Stress Tests Severely Adverse Scenario </h2> <br> <ul><li>As of December 31, 2015, the Enterprises have drawn a combined $187.5 billion from the Department of the Treasury under the terms of the Senior Preferred Stock Purchase Agreements (the &quot;PSPAs&quot;).  </li><li>The combined remaining funding commitment under the PSPAs as of December 31, 2015 was $258.1 billion.  </li><li>Under the Severely Adverse scenario, incremental Treasury draws are projected to range between $49.2 billion and $125.8 billion depending on the treatment of deferred tax assets.  </li><li>The remaining funding commitment under the PSPAs after the projected draws ranges between $208.9 billion and $132.2 billion depending on the treatment of deferred tax assets. </li></ul><p> <a href="/Media/PublicAffairs/Pages/FHFA-Announces-Results-of-Fannie-and-Freddie-Dodd-Frank-Act-Stress-Tests-8-8-2016.aspx">Related News Release</a></p>8/8/2016 3:02:12 PM634http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2015 Scorecard Progress Report19847<p>​This Progress Report summarizes major activities of Fannie Mae and Freddie Mac in 2015 that contributed to achieving FHFA’s strategic objectives as conservator of the Enterprises. FHFA set forth three such objectives in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac (2014 Conservatorship Strategic Plan) issued on May 13, 2014&#58;&#160; <strong>Maintain</strong>, <strong>Reduce </strong>and <strong>Build</strong>. </p><p><a href="/Media/PublicAffairs/Pages/FHFA-Report-Details-Progress-on-the-2015-Scorecard-for-Fannie-and-Freddie.aspx">Link to Related News Release</a></p>3/3/2016 7:12:46 PM1211http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2016 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions14805<p>For all Scorecard items, Fannie Mae and Freddie Mac (the Enterprises) and Common Securitization Solutions will be assessed based on the following criteria&#58; <br><br> <strong>Assessment Criteria </strong><br></p><ul><li>The extent to which each Enterprise conducts initiatives in a safe and sound manner consistent with FHFA’s expectations for all activities; </li><li>The extent to which the outcomes of their activities support a competitive and resilient secondary mortgage market to support homeowners and renters; </li><li>The extent to which each Enterprise conducts initiatives with the consideration for diversity and inclusion consistent with FHFA’s expectations for all activities; </li><li>Cooperation and collaboration with FHFA, each other, the industry, and other stakeholders; and </li><li>The quality, thoroughness, creativity, effectiveness, and timeliness of their work products. <br><br></li></ul>8/18/2016 5:35:30 PM5193http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - February 201517889<p>​<font color="#404040" face="Arial" size="3">The Federal Housing Finance Agency’s (FHFA) Federal Property Manager’s report is transmitted to Congress in accordance with Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA), titled Assistance to Homeowners. Section 110 of EESA directs Federal Property Managers (FPM) to develop and implement plans to maximize assistance for homeowners and encourage servicers of underlying mortgages to take advantage of programs to minimize foreclosures. FHFA is a designated FPM in its role as conservator for Fannie Mae and Freddie Mac. Each FPM is also required to report to Congress the number and types of loan modifications and the number of foreclosures during the reporting period</font><span style="color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;background-color&#58;#ffffff;">.</span></p>5/21/2015 6:00:36 PM790http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Dodd-Frank Act Stress Tests - Severely Adverse Scenario17781<div><h2>​Background&#160;</h2><ul><li><span style="line-height&#58;1.6;">This report provides updated information on possible ranges of future financial results of Fannie Mae and Freddie Mac (the “Enterprises”) under severely adverse conditions, which are consistent for both Enterprises.</span><br></li><li><span style="line-height&#58;1.6;">The Enterprises are required to conduct stress tests per FHFA rule 12 CFR § 1238, which implements section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the &quot;Dodd-Frank Act&quot;). Section 165(i)(2) of the Dodd-Frank Act requires certain finan</span><span style="line-height&#58;1.6;">cial companies with total consolidated assets of​ ​more than $10 billion, and which are regulated by a primary Federal financial regulatory agency, to conduct annual stress tests to determine whether the companies have the capital necessary to absorb losses as a result of adverse economic conditions. This is the second implementation of the Dodd-Frank Act Stress Tests (DFAST).</span><br></li><li><span style="line-height&#58;1.6;">The projections reported here are not expected outcomes. They are modeled projections in response to “what if” exercises based on assumptions about Enterprise operations, loan performance, macroeconomic and financial market conditions, and house prices. The projections do not define the full range of possible outcomes. Actual outcomes may be very different.</span><br></li><li><span style="line-height&#58;1.6;">An overview of the DFAST Severely Adverse scenario is described on page 4. The Enterprises used their respective internal models to project their financial results based on the assumptions provided by the Federal Reserve and FHFA.</span><br></li><li><span style="line-height&#58;1.6;">While this effort achieves a degree of comparability between the Enterprises, it does not eliminate differences in their respective internal models, accounting differences, or management actions.</span><br></li></ul></div><h2>​Dodd-Frank Act Stress Tests Severely Adverse Scenario</h2><div><ul><li><span style="line-height&#58;1.6;">As of September 30, 2014, the Enterprises have drawn a combined $187.5 billion from the Department of the Treasury under the terms of the Senior Preferred Stock Purchase Agreements (the “PSPAs”).</span></li><li><span style="line-height&#58;1.6;">The combined remaining funding commitment under the PSPAs as of September 30, 2014 was $258.1 billion.</span><br></li><li><span style="line-height&#58;1.6;">Under the Severely Adverse scenario, incremental Treasury draws range between $68.6 billion and $157.3 billion depending on the treatment of deferred tax assets.</span><br></li><li><span style="line-height&#58;1.6;">The remaining funding commitment under the PSPAs ranges between $189.4 billion and $100.8 billion depending on the treatment of deferred tax assets.​</span></li></ul></div>4/30/2015 3:00:31 PM1869http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - January 201517726<p>​​<span style="color&#58;#404040;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;background-color&#58;#ffffff;">​</span><span style="border&#58;1pt windowtext;font-family&#58;arial, sans-serif;font-size&#58;10.5pt;font-stretch&#58;inherit;line-height&#58;22px;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0in;color&#58;#404040;background&#58;white;">​The Federal Housing Finance Agency’s (FHFA) Federal Property Manager’s report is transmitted to Congress in accordance with Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA), titled Assistance to Homeowners. Section 110 of EESA directs Federal Property Managers (FPM) to develop and implement plans to maximize assistance for homeowners and encourage servicers of underlying mortgages to take advantage of programs to minimize foreclosures. FHFA is a designated FPM in its role as conservator for Fannie Mae and Freddie Mac. Each FPM is also required to report to Congress the number and types of loan modifications and the number of foreclosures during the reporting period</span><span style="color&#58;#404040;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;background-color&#58;#ffffff;">.</span></p>4/20/2015 6:06:13 PM569http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - December 201417614<p>​<span style="padding&#58;0in;border&#58;1pt windowtext;color&#58;#404040;font-family&#58;arial, sans-serif;font-size&#58;10.5pt;background&#58;white;">​The Federal Housing Finance Agency’s (FHFA) Federal Property Manager’s report is transmitted to Congress in accordance with Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA), titled Assistance to Homeowners. Section 110 of EESA directs Federal Property Managers (FPM) to develop and implement plans to maximize assistance for homeowners and encourage servicers of underlying mortgages to take advantage of programs to minimize foreclosures. FHFA is a designated FPM in its role as conservator for Fannie Mae and Freddie Mac. Each FPM is also required to report to Congress the number and types of loan modifications and the number of foreclosures during the reporting period</span>.</p>3/26/2015 3:00:27 PM497http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Progress Report on the Implementation of FHFA's Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac17567<p>​This Progress Report details&#160;the initiatives outlined in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac and the 2014 Conservatorship Scorecard. &#160;The report describes activities Fannie Mae and Freddie Mac undertook in 2014 to further FHFA’s conservatorship goals&#58; <strong>Maintain</strong>, <strong>Reduce</strong>, and <strong>Build</strong>. &#160;&#160;</p><p><a href="/Media/PublicAffairs/Pages/FHFA-Report-Details-Progress-on-the-2014-Strategic-Plan-for-Fannie-and-Freddie-Conservatorships.aspx">Link to Related News Release</a>​</p>3/16/2015 4:00:55 PM1442http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - November 201417409<p>​<span style="font-size&#58;10.5pt;font-family&#58;arial, sans-serif;color&#58;#404040;border&#58;1pt none windowtext;padding&#58;0in;background&#58;white;">The Federal Housing Finance Agency’s (FHFA) Federal Property Manager’s report is transmitted to Congress in accordance with Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA), titled Assistance to Homeowners. Section 110 of EESA directs Federal Property Managers (FPM) to develop and implement plans to maximize assistance for homeowners and encourage servicers of underlying mortgages to take advantage of programs to minimize foreclosures. FHFA is a designated FPM in its role as conservator for Fannie Mae and Freddie Mac. Each FPM is also required to report to Congress the number and types of loan modifications and the number of foreclosures during the reporting period.​</span></p>2/10/2015 3:01:54 PM812http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - October 201417230<p>​<span style="color&#58;#404040;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;background-color&#58;#ffffff;">The Federal Housing Finance Agency’s (FHFA) Federal Property Manager’s report is transmitted to Congress in accordance with Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA), titled Assistance to Homeowners. Section 110 of EESA directs Federal Property Managers (FPM) to develop and implement plans to maximize assistance for homeowners and encourage servicers of underlying mortgages to take advantage of programs to minimize foreclosures. FHFA is a designated FPM in its role as conservator for Fannie Mae and Freddie Mac. Each FPM is also required to report to Congress the number and types of loan modifications and the number of foreclosures during the reporting period.​</span></p>1/20/2015 6:14:59 PM505http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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