In a flurry of developments last week, Fannie Mae and Freddie Mac, on life support three years. of leaving well enough alone-letting Fannie and Freddie make oodles of money for taxpayers while.
governmental. Fannie Mae and Freddie Mac dominate the market for conforming mortgages while the FHA and other federal agencies absorb most of the credit risk on riskier mortgage loans. It is generally agreed that role of the private sector in the conforming market should be substantially enlarged. However,