6 Critical Insights into Fannie Mae and Freddie Mac's Impact on the Housing Crisis

5. The Aftermath and Lessons Learned

The fallout from the housing crisis had long-lasting effects, including millions of foreclosures and the deepest economic downturn since the Great Depression. This section focuses on the critical lessons learned from the crisis, including the need for stricter regulation of the GSEs and the importance of maintaining prudent lending practices to avoid similar catastrophes in the future.