Fannie

If you are affected by a disaster, you may have the option to reduce or suspend your mortgage payments for up to 12 months, according to Fannie Mae, the Federal National Mortgage Assn.

In September of that year, US mortgage giants Fannie Mae and Freddie Mac were nationalised.

After the bubble inevitably burst, Fannie and Freddie were placed under conservatorship by the Federal Housing Finance Agency.

Instead, it could further rig the market in favor of hedge funds holding substantial stakes in Fannie and Freddie, allowing them to profit enormously from the potential upside, while leaving taxpayers to bear all the downside risks.

A meaningful solution requires Fannie and Freddie to significantly strengthen their capital reserves.