What you need to know if Fannie and Freddie go away

Freddie Mac , the two government-backed mortgage lenders that taxpayers bailed out in 2008. President Barack Obama stepped in Tuesday, saying it was time to "wind down" the agencies. But given the long list of thorny issues surrounding the housing collapse, Fannie and Freddie's role in that and the ongoing decline in U.S. home ownership, don't expect to see big changes in the …

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