Fannie Mae and Freddie Mac: Where the Taxpayers Money Went
FHFA OIG – Fannie Mae and Freddie Mac: Where the Taxpayers Money Went. White Paper 2012-02, May 24, 2012 “Freddie Mac owned or guaranteed mortgages worth more than $5 trillion, nearly half of the U.S. mortgage market. They did not have adequate capital reserves to continue operating in the face of the growing losses on …