The Real Deal Miami

Feds may help Fannie and Freddie

July 11, 2008 07:53AM

The Bush administration may put Fannie Mae and Freddie Mac in conservatorship, leaving taxpayers to pay for any losses on mortgages the lenders own or guarantee. Shares in Fannie and Freddie are plummeting, and the companies have already lost $11 billion due to foreclosures.