Fannie, Freddie Post Big Returns One Year Post-Takeover

The World

Just a year ago, the government stepped in and took over struggling mortgage and loan security giants Fannie Mae and Freddie Mac. They were the first major companies deemed “too big to fail,” although they would not be the last. One year after the takeover, both Fannie and Freddie are reporting huge profits. The times, to paraphrase Bob Dylan, might just be a-changin’.

Joining us to tell us where these gains are coming from and what we’ve learned in our year of nationalized mortgage lending is Louise Story, Wall Street and finance reporter for the New York Times.

Invest in independent global news

The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!