Fannie Mae and Freddie Mac have always been privately owned and government sponsored lenders designed to help more Americans become homeowners.

• What is Fannie Mae FNMA?
• What is Freddie Mac FHMLC?

Recently, the US Governement took over and now owns 80% of both Fannie Mae and Freddie Mac.

Read the News Articles:

• Government is now 'nation's mortgage lender' - MSNBC
• Government takes control of Fannie Mae, Freddie Mac - Portland Business Journal 

What are the implications? I do not know enough to speculate, so here are some articles that may shed some insight:

• Fannie Mae and Freddie Mac - A Link Extravaganza! - Phoenix Real Estate Guy (MUST READ!)
• The Fannie and Freddie Government Makeover - XBroker on AgentGenius (MUST READ!)
• Update on Fannie and Freddie - Bloodhound Blog
• What the Fannie and Freddie Bailout Means for Investors - Wall Street Journal
• U.S. Takes Over Troubled Mortgage Giants - National Public Radio NPR

Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Clients Choice Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs