Billionaire Bill Ackman may get huge housing market gift from Musk
Major changes may be in store for the housing market.
Fannie Mae and Freddie Mac have anchored the housing market as government-sponsored enterprises (GSE) for decades. Both organizations help lower housing costs for consumers by assuming risks since they purchase mortgages from banks.
Though Fannie Mae and Freddie Mac traditionally operated with limited oversight, the federal government put both entities under a financial conservatorship after the 2008 Financial Crisis to improve their financial standing and help the housing market recover.
Prominent investors and newly appointed Trump administration housing employees have vocalized support for relinquishing both housing agencies from the federal government’s financial conservatorship.
