![]() The two firms were often cited as shining examples of public-private partnerships-that is, the harnessing of private capital to advance the social goal of expanding homeownership. ![]() These two government-sponsored enterprises play a central role in the US housing finance system, and at the start of their conservatorships held or guaranteed about $5.2 trillion of home mortgage debt. The imposition of federal conservatorships on September 6, 2008, at the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation-commonly known as Fannie Mae and Freddie Mac-was one of the most dramatic events of the financial crisis.
0 Comments
Leave a Reply. |