Smith Finance Expert Proposes Steps, Rationale to Undo Federal Takeover of Twin Mortgage Giants WASHINGTON, D.C. – Oct. 3, 2014 - The Federal Housing Finance Agency (FHFA) can use existing powers to reverse the government's control of Fannie Mae and Freddie Mac – without a gridlocked Congress, said Cliff Rossi, professor of the practice in finance at the University of Maryland's Robert H. Smith School of Business and executive-in-residence at the school's Center for Financial Policy.