Treasury Secretary Hank Paulson announced on 9/07/08 (i.e., 11 years ago) the government’s plan to take control of mortgage giants Fannie Mae and Freddie Mac.  Fannie and Freddie received $191 billion of taxpayer aid but have paid back $297 billion (source: Treasury Department).

*The views, articles, postings and other information listed on this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation.