Bacon: Stabilized Fannie, Freddie Will Aid U.S. Housing Market

Article Date : 12 September 2008

The move by the U.S. government to put Fannie Mae and Freddie Mac into conservatorship will stabilize the two giant government-sponsored entities, said Kenneth Bacon, executive vice president of housing and community development for Fannie Mae. The result of the government's move means that the two agencies "are very much in business," said Bacon, this morning's keynote speaker at the Cityscape USA conference in New York...

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Bacon: Stabilized Fannie, Freddie Will Aid U.S. Housing Market

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