The financial toll of the pandemic on Fannie Mae and Freddie Mac was significant, as these agencies provided vast liquidity to the mortgage and rental markets. Fannie Mae saw its net income decline by over 20% between 2019 and 2020, and Freddie Mac saw a drop of over 17%. However, both ...
Our mission of making home possible is the core value that distinguishes Freddie Mac from other companies. Our mission guides our work every day, and the sum of our efforts is greater than our individual contributions. Last year alone, we helped more than 1.4 million families buy, refinance or...
The GSEs, however, do very little that cannot be done – and is not already done – by the private sector. In addition, these institutions pose a significant financial risk to U.S. taxpayers. Weighing this cost against the minimal benefits makes the case that the GSEs should be eliminated....