Five years after the housing collapse of 2008, the government’s role
in the mortgage market could still have taxpayers on the hook for
another multibillion-dollar rescue of Fannie Mae and Freddie Mac.
The Federal Housing Finance Agency took over both government-sponsored enterprises in 2008 to ensure their solvency in the wake of the housing crisis. FHFA managed their finances and portfolios through a massive taxpayer bailout totaling $187 billion.
Read more: http://watchdog.org/67731/federal-role-in-home-mortgages-keeps-taxpayers-on-hot-seat/
The Federal Housing Finance Agency took over both government-sponsored enterprises in 2008 to ensure their solvency in the wake of the housing crisis. FHFA managed their finances and portfolios through a massive taxpayer bailout totaling $187 billion.
Read more: http://watchdog.org/67731/federal-role-in-home-mortgages-keeps-taxpayers-on-hot-seat/
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