Fannie Mae and Freddie Mac: Past, Present, and Future

This policy brief examines the past, present, and future of Fannie Mae and Freddie Mac. Beginning with the present, this brief discusses the recent economic and regulatory changes that have affected the government-sponsored enterprises' (GSEs') operations and businesses. Next, the article looks back at the regulations and major events over the years that shaped the enterprises and their role in the housing finance market. The final part of this article highlights issues to consider. These issues present research opportunities on topics that will shape and inform the policy debate on the future of the GSEs.