Fannie Mae and Freddie Mac: 18 Years Under US Government Control Explained
Fannie Mae and Freddie Mac, two of America's largest mortgage companies, were placed under federal conservatorship in 2008 during the financial crisis. The US Treasury injected over $191 billion into the two firms between 2008 and 2017 to stabilize them. Eighteen years later, both institutions remain under government oversight. Recent agreements have been reached regarding their potential return to private control, though no firm exit timeline has been established.
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