SOURCE: Freddie Mac
April 30, 2014 13:02 ET
MCLEAN, VA--(Marketwired - Apr 30, 2014) - Freddie Mac (OTCQB: FMCC) today issued the company's stress test results for the severely adverse scenario conducted under FHFA's rule implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Dodd-Frank requires certain financial companies with more than $10 billion in assets to perform annual stress tests to assess capital adequacy. View Freddie Mac's test summary.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at www.FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog www.FreddieMac.com/blog.
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