What Does a Government Take Over of Fannie & Freddie Mean For the Average American?
So the inevitable has finally happened. A few months back the government authorized themselves the power to take over Fannie Mae and Freddie Mac “should the need arise”. Yesterday the government finally pulled the trigger on their carefully planned take over of the mortgage giants that are responsible for about $6 trillion dollars in mortgage debt between the two of them.
Source:What Does a Government Take Over of Fannie & Freddie Mean For the Average American?
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