Government-controlled mortgage giants Fannie Mae and Freddie Mac face uncertain future.
Fannie Mae and Freddie Mac, big companies in the US mortgage market, got into trouble by buying risky mortgages without enough money to cover losses. This happened in the mid-2000s and led to the government taking control of them in 2008. They are still important in the mortgage market, but are under government control. The future of these companies and mortgage finance is a hot topic in politics.