Tag: freddie mac
Fannie Mae and Freddie Mac are under a congressional mandate to improve investment in three specific kinds of housing markets—but Congress didn’t say by how much, and advocates say they could be doing far more.
The functions of Fannie Mae and Freddie Mac -- liquidity, stability, and access -- remain important for the housing economy. Indeed, the two companies today are providing more than 70 percent of all the financing for housing even while under conservatorship. But their collapse into the federal government's arms is causing a wholesale reevaluation of how best to provide those functions in the future.