Fannie Mae and Freddie Mac: here to stay?
- June 2, 2014
June 2, 2014 by Jane Monahan
Since their federal takeover in 2008, the fate of US mortgage underwriters Fannie Mae and Freddie Mac has hung in the balance. Politicians have jostled back and forth on the issue of winding them down, but without any workable and politically agreeable way to fill the void they would leave in the US housing market, it seems that the two institutions may be here to stay.
It could be argued that settling the fate of Fannie Mae and Freddie Mac, the US mortgage underwriters, is an urgent matter, considering the risks and distortions of their continued survival as government-owned and controlled enterprises
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