Date in year · 2008 · The 2000s
On September 7, 2008, the United States government takes control of the two largest mortgage financing companies in the US, Fannie Mae and Freddie Mac. The year's #1 song was "Low" by Flo Rida featuring T-Pain. Hyein, Rio Ngumoha, Hudson Meek would arrive in the same year.
Events
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Births
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5
Year
2008
2000s
Featured · September 7, 2008
In September 2008, the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis. The FHFA established conservatorships in which each enterprise's management works under the FHFA's direction to reduce losses and to develop a new operating structure that will allow a return to self-management.
Around 2008
2008 (MMVIII) was a leap year starting on Tuesday of the Gregorian calendar, the 2008th year of the Common Era (CE) and Anno Domini (AD) designations, the 8th year of the 3rd millennium and the 21st century, and the 9th year of the 2000s decade.
What happened
Action by the U.S. Treasury to lessen the subprime mortgage crisis
In September 2008, the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis. The FHFA established conservatorships in which each enterprise's management works under the FHFA's direction to reduce losses and to develop a new operating structure that will allow a return to self-management.
Farewells
Elsewhere that year
The class of 2008
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