How does the government’s conservatorship of Fannie Mae
and Freddie Mac impact you and your clients?
By Gibran Nicholas, founder and chairman, CMPS Institute
Illustration: Keith Negley
This past September, the U.S. government placed government-sponsored
enterprises (GSEs) Fannie Mae and Freddie Mac under conservatorship.
The Federal Housing Finance Agency, created by July’s Housing and Eco-
nomic Recovery Act of 2008 as the companies’ regulator, will now oversee
them until the agency’s director determines that they have returned to a
This takeover will have many short-term and long-term consequences
for the mortgage industry, as well as for the homeowners and homebuyers
mortgage professionals serve. Here’s what you need to know about what
brought Fannie Mae and Freddie Mac to this point, as well as how the con-
servatorship will affect you and your clients. continued >>>