SIR - Imagine Hitler had won the Battle of Britain in 1940, and we were under the Nazi jackboot. Hitler was real; Nazism was real; the Gestapo was real; Auschwitz was real; Belsen was real; the jackboot was real; the V1 and the V2 rocket were real - and it was all just 18 miles from our shores.
Fannie Mae held a veritable monopoly over the secondary mortgage market. In 1968...In order to prevent any further monopolization of the market, a second GSE known as Freddie Mac was created in 1970. Currently, Fannie Mae and Freddie Mac control about 90 percent of the nation's secondary mortgage market. .
Federal takeover of Fannie Mae and Freddie Mac. The federal takeover of Fannie Mae and Freddie Mac was the placing into conservatorship of the government-sponsored enterprises (GSEs) Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) by the U.S. Treasury in September 2008.