Related to Fannie Mae:Freddie Mac Fan·nie Mae (făn′ē mā′) n. One of two federally chartered corporations that buy and pool US mortgages and issue securities based on those pools. [Alteration ofF(ederal) N(ational) M(ortgage) A(ssociation).] ...
The table below provides a simplified balance sheet for Freddie Mac. Most of the nearly $800 billion in assets held by Freddie as of the end of 2007 consisted of mortgage loans or securities based on mortgages. The company acquired the resources to buy these assets primarily by borrowing, wit...
On a Monday morning five years ago this week, thousands of employees at mortgage giants Fannie Mae and Freddie Mac went to work to find a new boss: The federal government. Crushed under the weight of thousands of defaulted mortgages and bleeding cash, Fannie Mae and Freddie Mac were put int...
Fannie Mae, or the Federal National Mortgage Association (FNMA), is a government-sponsored enterprise. It provides liquidity to the housing market by purchasing mortgages from banks and non-bank lenders, repackaging them as mortgage-backed securities, an
Fannie Mae and Freddie Mac at Work In the Secondary Mortage Market.Reports on the participation of the Federal National Mortgage Association and Federal Home Loan Mortgage Corp. in the secondary market for home mortgages in the United States.Padhi...
The move from Fannie Mae and Freddie Mac likely affects more homeowners given the government-backed enterprises guarantee almost $7 trillion in mortgage-related debt,accordingto The Washington Post. The effort is geared at stabilizing the housing market and avoiding a repeat of the spike in foreclos...
Both Fannie Mae and Freddie Mac were authorized to buy and sell conventional mortgages as well as those insured by the FHA or VA, which were now guaranteed by a new Government National Mortgage Association, better known as Ginnie Mae. To attract new investors to the secondary mortgage market,...
Fannie Mae, Freddie Mac predict glum 2008 BEIJING, Dec. 12 (Xinhuanet) -- A weakening housing market and rising home-loan defaults have the chief executives of Fannie Mae and Freddie Mac warning their hard-hit mortgage-finance companies will suffer more in 2008....
Fannie Mae and Freddie Mac have similar charters, mandates, and regulatory structures. Each buys mortgages from lenders to hold in their portfolios or repackage as MBS that can be sold. In turn, lenders use the money from selling the mortgages to originate more loans. This helps individuals an...
Fannie Mae and Freddie Mac are quite similar, but Fannie Mae tends to buy mortgages from the big banks and lenders, while Freddie Mac buys them from credit unions and small regional banks. Otherwise, they have similar goals: to assist people who otherwise might find it difficult to obtain a...