GalleryWhile the rescue of Fannie Mae and Freddie Mac was generally successful, there is still no end in sight to their conservatorship.
Seven years ago the US government dramatically rescued the government-sponsored enterprises Fannie Mae and Freddie Mac, placing them into conservatorship, a situation that remains ongoing. In new research, W. Scott Frame, Andreas Fuster, Joseph Tracy, and James Vickery, assess the success of the rescue using five criteria. They find that while the agencies were able to support mortgage supply […]
