Further to the earlier post today from Reuters, here is more on Fannie Mae and Freddie Mac in an article in the Wall Street Journal online, dated September 8, 2019:
The article discusses what these two government agencies do and their importance to the national housing market. They guarantee over 50% of all US mortgages. Ever since the housing bubble burst in 2008 causing a major recession, there has been talk of reforming how these two agencies are capitalized and how they do business. It’s unlikely an major changes will be passed by Congress before the political elections of 2020; however, the government does seem to be moving toward reforming these pillars of housing finance.