Fussing and Fuming Over Fannie and Freddie: How Much Smoke, How Much Fire
- Topics:
- Real Estate Services
- Tags:
- Fannie Mae,
- Federal Government,
- Federal Reserve Bank Of Atlanta,
- Finance,
- Financial Accounting,
- Freddie Mac,
- Government
- Source:
- Federal Reserve Bank of Atlanta
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Overview: The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation - commonly known as Fannie Mae and Freddie Mac, respectively serves as one of a number of mechanisms by which the federal government encourages the consumption of housing in the U.S. economy. After all, a federal guarantee of the deposits in savings and loans cost nothing for many decades - until the early 1990s, when it cost taxpayers about $150 billion. This article offers a generalist's guide to the functions that Fannie Mae and Freddie Mac perform in the residential mortgage financial markets and the controversies that swirl around them.
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Format: PDF | Size: 199KB | Date: Oct 2004 | Pages: 42



