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Housing Enterprises: Assessment of OFHEO's Interest Rate Analysis

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Report Type Reports and Testimonies
Report Date July 31, 1996
Report No. T-GGD-96-173
Subject
Summary:

In July 1996, a congressional committee asked the Office of Federal Housing Enterprise Oversight (OFHEO) to analyze the potential effects of a large and rapid increase in interest rates, accompanied by otherwise unfavorable economic conditions, on the financial health of Fannie Mae and Freddie Mac. This testimony reviews OFHEO's analysis and assesses the reasonableness of the approach and the key assumptions that OFHEO used in its analysis.

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