eakness in housing market and the poor underwriting by Fannie Mae & Freddie Mac. Source: 1) U.S. Dept of Treasury, as of 12/10, 2) White House OMB / U.S. Congressional Budget Office. a USA Inc. | Income Statement Drilldown 194 HOUSE_OVERSIGHT_020938 Fannie Mae & Freddie Mac: A Brief History of Government-Sponsored Enterprises