OFHEO's Risk-based Capital Stress Test
Author : United States. General Accounting Office
Publisher :
Page : 36 pages
File Size : 10,65 MB
Release : 2002
Category : Government-sponsored enterprises
ISBN :
Author : United States. General Accounting Office
Publisher :
Page : 36 pages
File Size : 10,65 MB
Release : 2002
Category : Government-sponsored enterprises
ISBN :
Author :
Publisher : DIANE Publishing
Page : 32 pages
File Size : 12,48 MB
Release : 2002
Category :
ISBN : 1428945431
This report responds to a mandate in the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (the act)1 that we study whether the Office of Federal Housing Enterprise Oversight (OFHEO) should incorporate new business assumptions into the stress test used to establish risk-based capital requirements. The stress test is designed to estimate, for a 10-year period, how much capital the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) would be required to hold to withstand potential economic shocks, such as sharp movements in interest rates or adverse credit conditions. Incorporating new business assumptions into the stress test would mean specifying details about the types and quality of new mortgages that would be acquired during the 10-year stress period, the types of funding that would be used to acquire such mortgages, and other operating and financial strategies that would be implemented by Fannie Mae's and Freddie Mac's (the enterprises) managements. Under the terms of the act, the current test assumes that the enterprises do not contract for any new business beyond what is on the books at the time of the test. OFHEO issued its risk-based capital rule on September 13, 2001." Four years after issuing its risk-based capital rule, OFHEO has the option to incorporate new business assumptions into the test. Our mandate is to provide, within the first year after the rule is issued, an opinion on the advisability of including new business after the initial 4-year period.
Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher :
Page : 62 pages
File Size : 37,79 MB
Release : 2002
Category : Political Science
ISBN :
Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises
Publisher :
Page : 64 pages
File Size : 13,30 MB
Release : 1999
Category : Business & Economics
ISBN :
Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher :
Page : 56 pages
File Size : 38,58 MB
Release : 2001
Category : Political Science
ISBN :
Author : United States. Congress. House. Committee on Appropriations. Subcommittee on VA, HUD, and Independent Agencies
Publisher :
Page : 906 pages
File Size : 25,68 MB
Release : 2002
Category : United States
ISBN :
Author : William B. Shear
Publisher : DIANE Publishing
Page : 90 pages
File Size : 15,27 MB
Release : 1999-02
Category :
ISBN : 9780788176937
Assesses the operations of the Office of Federal Housing Enterprise Oversight (OFHEO) contained in the Dept. of Veterans Affairs/HUD Appropriations Act of 1997. Provides information on OFHEO's development of risk-based capital standards, implementation of an examination program, establishment of mission support functions, & participation in a U.S. initiative to assist Mexico in developing a secondary mortgage loan market. Makes recommendations to the director of OFHEO on strengthening reporting to Congress on the development of the risk-based capital standards & ensuring adequate resources for the examinations program. Tables.
Author : United States. General Accounting Office
Publisher :
Page : 92 pages
File Size : 15,40 MB
Release : 1997
Category : Government-sponsored enterprises
ISBN :
Author :
Publisher :
Page : 1016 pages
File Size : 25,33 MB
Release : 1995-02-06
Category : Administrative law
ISBN :
Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises
Publisher :
Page : 162 pages
File Size : 10,43 MB
Release : 1998
Category : Political Science
ISBN :