Frame, W. Scott; Gerardi, Kristopher S.; Willen, Paul S. - Federal Reserve Bank of Boston - 2015
-based capital stress test conducted by the Office of Federal Housing Enterprise Oversight (OFHEO) for Fannie Mae and Freddie Mac … identify the sources of the stress test's spectacular failure to detect the growing risk and ultimate financial distress at …'s stress test, the models used to predict default and prepayment of 30-year fixed-rate mortgages. …