Freddie Mac and Fannie Mae, lenders created at the whim of evil government in the 1930s and 1970s respectively , have been brought back under national supervision in the wake of the country's mortgage crisis. The two institutions simply weren't "capitalized" enough to weather the sub-prime storm, and whatever government regulations were left failed like levees under a flow tide of bad debt. And while it will help stabilize the mortgage market, it won't necessarily help people who have sky-high payments and underwater equity . Ever resourceful, Americans in areas hard hit by foreclosure are playing home ownership musical chairs with the banks . All I understand about economics is that I feel poor. So does this mean Bay Area housing will get more affordable?No. While exurban exiles will feel the pinch on payments and at the pump, denser inner-urban communities will probably see rents increase as desperate homeowners look to cut costs and find job opportunities. And it's not like you can expect affordable housing in the likes of Belmont and Saddle River, Ross or Sag Harbor, Piedmont or Greenwich. As bad as renting is long-term for your retirement and rent control may be for their housing markets, apartment dwellers with fixed costs are the least likely to move back in with parents right now.