Fannie Mae-No Politics (FNMA)

[Mikey Mike]

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. However, Fannie Mae and Freddie Mac continue to operate as business corporations.

While FHFA has very broad authority, the focus of the conservatorships is not to manage every aspect of Fannie Mae's and Freddie Mac's operations. Instead, under conservatorship, we are responsible for the overall management of Fannie Mae and Freddie Mac and have delegated many operational and other duties to their management and boards. However, they must consult with, and obtain approval from us, as conservator, on critical matters.

Fhfa.gov

It is the companies duty to conduct daily activities, however it is FHFA'S responsibility when it comes to shareholders since FHFA is acting in lieu of shareholders.