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FNMFO - Considering The Possibility Of Pre-Election Fannie And Freddie Relisting
Fed Nat Mtg Assn Pfd
Fannie Mae (FNMA) and Freddie Mac (FMCC) are two companies that were put into conservatorship in 2008 as part of the Great Financial Crisis in order to protect the market for agency mortgage-backed securities. The companies themselves were perfectly fine, and so, Dan Jester and Hank Paulson had to do a lot of work to figure out how to put them into conservatorship and eventually came up with the plan of simply scouring their balance sheets to write down as many assets as possible based on the assumption that they would