It’s been almost 11 years since Fannie Mae and Freddie Mac, the two government-sponsored mortgage finance companies, were seized by regulators to stem their losses from the subprime mortgage crisis. The Trump administration is expected to unveil plans for releasing them from conservatorship any day now, and the Senate Banking Committee has scheduled a hearing early next week. But housing finance experts are skeptical that substantial reform will happen anytime soon.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.