Fannie Mae-No Politics (FNMA)

[Ace Trader]

Seems AI Google knows more the Congress ??

https://www.google.com/search?q=fannie+mae+release+from+conservatorship&sca_esv=562769096&hl=en&sxsrf=AB5stBgH3T9S_EMN14girv7QbQsBL6kxHA%3A1693928088485&source=hp&ei=mEr3ZL_XGcqE0PEP_e66mAI&iflsig=AD69kcEAAAAAZPdYqMtOcszKl1UcqTz2LTlwQ2PUiVhE&ved=0ahUKEwi_g_Hv5ZOBAxVKAjQIHX23DiMQ4dUDCAs&uact=5&oq=fannie+mae+release+from+conservatorship&gs_lp=Egdnd3Mtd2l6IidmYW5uaWUgbWFlIHJlbGVhc2UgZnJvbSBjb25zZXJ2YXRvcnNoaXAyBRAAGIAEMgYQABgWGB4yBhAAGBYYHjIIEAAYigUYhgNI6AhQAFgAcAB4AJABAJgBvgGgAb4BqgEDMC4xuAEDyAEA-AEC-AEB&sclient=gws-wiz
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Generative AI is experimental. Info quality may vary.
Fannie Mae and Freddie Mac have been in conservatorship for almost 15 years.
The government placed them in conservatorship on September 6, 2008.
The goal of conservatorship is to preserve their assets and restore them to a sound condition.
Fannie Mae and Freddie Mac are building capital reserves to eventually exit conservatorship.
They are expected to begin winding down conservatorship no earlier than 2026.
However, they may remain in conservatorship indefinitely unless Congress acts.
The government has had workable capital plans to get Fannie Mae and Freddie Mac out of conservatorship since late summer 2020. These plans could result in billions of dollars being put towards affordable housing initiatives.