90. Major Changes to Housing & Education—What You Need to Know
Drunk Real Estate
The Evolution of Fannie Mae and Freddie Mac
This chapter explores the historical development and roles of Fannie Mae and Freddie Mac in the housing market, tracing their origins back to the Great Depression and their transformation into privately managed entities. It highlights the implications of their government bailouts during the 2008 financial crisis and the ongoing debate about their potential privatization. Additionally, the chapter examines the complexities of their financial structures, the risks associated with government involvement in the mortgage industry, and the impact of these entities on mortgage rates and lending practices.
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