Fannie Mae and Freddie Mac conservatorships and stabilization measures (September 2008–2010)

1. HERA creates FHFA and emergency GSE backstop

   Jul 30, 2008Labels: HERA, FHFA, Treasury Department

   • Congress gov
   • FHFA PAR

2. FHFA places Fannie and Freddie into conservatorship

   Sep 7, 2008Labels: FHFA, Fannie Mae, Freddie Mac

   • FHFA Fact Sheet
   • CNN Money

3. Treasury signs initial Senior Preferred Stock Purchase Agreements

   Sep 7, 2008Labels: Treasury Department, SPSPA, warrants

   • FHFA SPSPAs
   • FHFA Note 08

4. Treasury launches GSE MBS purchase program and credit facility

   Sep 7, 2008Labels: Treasury Department, GSE MBS, credit facility

   • FHFA Note 08
   • FHFA Fact Sheet

5. SPSPAs are amended and restated

   Sep 28, 2008Labels: Treasury Department, FHFA, SPSPA amendment

   • FHFA SPSPAs
   • FHFA Testimony

6. Treasury increases backstop to $200 billion each

   Feb 18, 2009Labels: Treasury Department, FHFA, funding commitment

   • FHFA Statement
   • Treasury Fact Sheet

7. First SPSPA amendment formally raises commitment level

   May 6, 2009Labels: First Amendment, SPSPA, Treasury Department

   • FHFA SPSPAs
   • Justia Order

8. Second SPSPA amendment switches to formula-based commitment

   Dec 24, 2009Labels: Second Amendment, SPSPA, formula commitment

   • FHFA SPSPAs
   • Treasury Update

9. Treasury ends new purchases under GSE MBS program

   Dec 31, 2009Labels: Treasury Department, GSE MBS

   • Treasury Update
   • Congress Print

10. Treasury’s GSE credit facility expires unused

    Dec 31, 2009Labels: Treasury Department, credit facility, Federal Home

    • Treasury Update
    • FHFA Note 08

11. FHFA directs delisting from NYSE and other exchanges

    Jun 16, 2010Labels: FHFA, NYSE delisting, Fannie Mae

    • CNBC
    • Fannie Archive

12. Fannie Mae begins OTC Bulletin Board trading

    Jul 8, 2010Labels: Fannie Mae, OTC Bulletin

    • Fannie PR
    • CNBC