Decade after housing crash, Fannie Mae and Freddie Mac are Uncle Sam’s cash cows

Fannie and Freddie 10 years later from CNBC.

• When the housing market began its epic and historic free-fall in 2008, mortgage giants Fannie Mae and Freddie Mac faced imminent collapse.
• The Treasury Department stepped in with a major bailout that July. And it turned out to be a vastly profitable move for Uncle Sam. The move has been paying off ever since.
• Indeed, the bailout of Fannie and Freddie saved the housing market, but the two are still under government control, and now the question is how to get them out.

When the housing market began its epic and historic free-fall in 2008, mortgage giants Fannie Mae and Freddie Mac faced imminent collapse.

 The most amazing thing is that the housing market not only survived, but thrived coming out of the crisis,” said Jaret Seiberg, financial services and housing policy analyst for Cowen Washington Research Group. “What the government did actually worked.”
But a decade later, the two are still under government control. Now the question is how to get them out.

www.cnbc.com/2018/09/05/fannie-mae-freddie-mac-are-uncle-sams-cash-cows-a-decade-after-crash.html