2008 – The Federal Housing Finance Agency (FHFA) announced that Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) would be placed in government “conservatorship”

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FHFA’s Role as Conservator

Conservatorship is intended to stabilize troubled institutions with the objective of maintaining normal business operations and restoring financial safety and soundness. As conservator, FHFA has the powers of the management, boards, and shareholders of Fannie Mae and Freddie Mac.

– fhfa.gov

 i don’t know if this was a good move ultimately ~ Nativegrl77