In September 2008, the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis. The FHFA established conservatorships in which each enterprise's management works under the FHFA's direction to reduce losses and to develop a new operating structure that will allow a return to self-management.
The United States government takes control of the two largest mortgage financing companies in the US, Fannie Mae and Freddie Mac.
On September 7, in the year 2008, The United States government takes control of the two largest mortgage financing companies in the US, Fannie Mae and Freddie Mac. This event is recorded as a Historical Events event in the history of September 7, one of 537 recorded events on this date across all of history.
Key Facts
- This event took place on September 7, 2008 (AD era).
- It is categorised as a Historical Events event in recorded history.
- Referenced in 3 Wikipedia articles.
- Wikipedia source last updated on 20 May 2026.
On This Date in History 537
This article draws on content from Wikipedia, available under CC BY-SA 4.0.
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