FHFA, the regulator for Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), says its stress tests...

|About: Freddie Mac (FMCC)|By:, SA News Editor

FHFA, the regulator for Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), says its stress tests show that the GSEs may end up drawing $363B from the government to absorb mortgage losses. Even the best-case scenario, with house prices rising, means a cumulative $221B draw in taxpayer money. So far, the two have taken $148B.