Freddie Mac Discloses Dodd-Frank Act Stress Test Results
Freddie Mac (OTCQB: FMCC) released its 2022 stress test results, adhering to the Federal Housing Finance Agency’s Dodd-Frank guidelines.
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Rhea-AI Summary
Freddie Mac (OTCQB: FMCC) released its 2022 stress test results, adhering to the Federal Housing Finance Agency’s Dodd-Frank guidelines. This assessment evaluates the company's resilience in a severely adverse economic scenario, underscoring its role in providing mortgage capital to lenders across the U.S. Established in 1970, Freddie Mac aims to enhance housing accessibility for homebuyers and renters. The full stress test results can be accessed on their investor resources page.
Positive
- Conducted a comprehensive 2022 stress test under federal guidelines to assess financial stability.
- Continues to support housing accessibility, benefiting millions in the U.S.
Negative
- None.
Details
News Market Reaction – FMCC
The recorded move for FMCC in the trading session of this news was +0.68%.
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MCLEAN, Va., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted the results of its 2022 stress test for the severely adverse scenario conducted under the Federal Housing Finance Agency’s implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The results are available at https://www.freddiemac.com/investors/resources.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac, and Freddie Mac’s blog FreddieMac.com/blog.
MEDIA CONTACT: Fred Solomon
703-903-3861
Frederick_Solomon@freddiemac.com
INVESTOR CONTACT: Laurie Garthune
571-382-4732
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