The Federal National Mortgage Association, commonly known as Fannie Mae, is a government-sponsored enterprise (GSE) that was formed during the Great Depression as part of President Franklin D. Roosevelt’s New Deal. Its purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS). In the wake of […]| HousingWire
The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is a government-sponsored enterprise (GSE) that buys mortgages, pools them, and sells them as a mortgage-backed security (MBS) to private investors on the open market. In the wake of the 2008 financial crisis, the Federal Housing Finance Agency (FHFA) placed Freddie Mac and Fannie […]| HousingWire