Fannie Mae previously announced in November 2022 that: ​

  • Fannie Mae is reevaluating its 2022 stress test results and the associated report due to our recent identification of errors in an underlying model; and​
  • Once this evaluation is complete, we will post an updated 2022 report on our website. ​

We have completed our evaluation and the corrected 2022 report is available here.

As required under the Dodd-Frank legislation, Fannie Mae (FNMA/OTCQB) conducted a stress test in 2022 reflecting two hypothetical economic scenarios. The results of the severely adverse scenario was published today by the Federal Housing Finance Agency (FHFA) and Fannie Mae.

Fannie Mae’s projected performance in the hypothetical severely adverse scenario has improved significantly since the implementation of the regulatory stress testing requirement nine years ago. Fannie Mae’s strong underwriting and prudent risk reduction practices have resulted in declines in risk exposures and hypothetical stress losses while allowing the company to maintain its mission to provide liquidity in all U.S. markets and in all economic cycles.

The hypothetical severely adverse scenario was created by the FHFA and can be found on FHFA’s website, along with FHFA’s press release on the results. Fannie Mae’s results can be found on 2022 Results.

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