U.S. Government Announces Takeover of Fannie Mae and Freddie Machttp://www.mortgagenewsdaily.com/09082008_Fannie_Freddie_Takeover.aspIn an effort to support the U.S. housing market at the minimum cost to the taxpayer, the U.S. government announced on Sunday plans to takeover Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac which have come under severe pressure asenCommunityServer 2008 SP2 (Build: 31106.96)