Lawrance Evans: Fannie Mae, Freddie Mac still in conservatorship

Federal Drive

Lawrance Evans: Fannie Mae, Freddie Mac still in conservatorship

Legislation in 2008 put the government-backed secondary mortgage giants Fannie Mae and Freddie Mac into conservatorship by a new agency. Eight years later, the ...

Tom Temin@tteminWFED

December 5, 2016 11:10 am

< a min read

Lawrance Evans, director of financial markets and community investment issues, GAO

Legislation in 2008 put the government-backed secondary mortgage giants Fannie Mae and Freddie Mac into conservatorship by a new agency. Eight years later, the Federal Housing Finance Agency is still conserving Fannie and Freddie. Now the Government Accountability Office is urging Congress to force everyone to clarify their goals here so a lingering situation can get off the dime. For more, Federal Drive with Tom Temin turns to Lawrance Evans Jr., director of financial markets and community investment issues at GAO.