Stress Test Results

Fannie Mae previously announced in November 2022 that: ​

• Fannie Mae is reevaluating its 2021 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 update on our website.​

We have completed our evaluation and the corrected 2021 report is available here.

We have also completed our evaluation of the errors relating to our stress test results for 2018, 2019, and 2020 and determined that the errors for these years were not material and therefore will not post revised stress test results for these years.

June 12, 2023

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.

November 7, 2022

Fannie Mae is reevaluating its 2022 stress test results and the associated report due to our recent identification of errors in an underlying model. Once this evaluation is complete, we will post an updated 2022 report on this website. Until we publish that updated report, you should not rely on the information in this report for any purpose.*
*See June 12, 2023 post above for corrected report.

WASHINGTON, DC – August 11, 2022 – 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 fanniemae.com: 2022 Results.

About Fannie Mae
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