Fannie Mae and Freddie Mac are emerging as two of the costliest entities for the government because of the financial crisis. Lawmakers are preparing to approve a final version of legislation to overhaul financial regulation but have largely avoided dealing with Fannie and Freddie. One reason the Obama administration is reluctant to address the mortgage giants' future is that they are playing an even larger role in the housing market than before the mortgage-market meltdown.

Related Summaries