It could be at least 15 years before Fannie Mae and Freddie Mac are released from conservatorship, and even then, the U.S. Treasury could keep its hooks in them, Keefe, Bruyette & Woods said.

Will Fannie Mae ever get out of conservatorship?

In September 2019, President Donald Trump and his administration initiated a process whereby Fannie Mae and Freddie Mac would exit conservatorship. ... litigation related to the conservatorship is resolved and the GSEs have built equity capital equal to 3% of Fannie and Freddie's total assets.

Does Biden release Fannie Mae?

Mark Calabria was installed by former President Trump as director of the Federal Housing Finance Agency. The White House said Wednesday that President Biden will remove him from the position.