The bush administration in september 2008 responded by placing fannie mae and freddie mac into government conservatorship where they remain today 4 did affordable housing goals for fannie and . Fannie mae and freddie mac fannie mae and freddie mac were created by congress they perform an important role in the nations housing finance system to provide liquidity stability and affordability to the mortgage market. Fannie mae and freddie mac had a positive influence on the mortgage market by increasing home ownership rates in the united states however as history has proved allowing fannie mae and freddie . You said fannie mae and freddie mac did have a role in pushing this along how heavily do you think they contributed congressman franks response was they were not the major factor
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