Fannie Mae and Freddie Mac together exercised a virtual monopoly on the secondary mortgage market until the 1990s, when increasing federal regulation of the corporations and new legislation allowing mergers between banks and other financial companies resulted in greater competition from conventional firms....
The financial toll of the pandemic on Fannie Mae and Freddie Mac was significant, as these agencies provided vast liquidity to the mortgage and rental markets. Fannie Mae saw its net income decline by over 20% between 2019 and 2020, and Freddie Mac saw a drop of over 17%. However, both ...
Fannie MaeFreddie MacsubprimemortgagepredatoryforeclosureAlt-AGSEFollowing the Great Depression, the federal government was the primary architect of the secondary residential mortgage market. The foremost pillars of this fedeChristopher Lewis Peterson
Nicole Summers
However, because courts are reluctant to find state action where the government regulates the secondary mortgage market, it remains unlikely that Fannie Mae and Freddie Mac will be required to provide notice and an opportunity to be heard to homeowners facing nonjudicial foreclosure....
Fannie Mae and Freddie Mac Announce Holiday Moratorium on Mortgage Foreclosure EvictionsWilliam E. Lewis, Jr
ForeclosureFannie MaeFreddie MacConservatorshipHousing and Economic Recovery Act of 2008In 2008, Congress passed the Housing and Economic Recovery Act (HERA) to rescue Fannie Mae and Freddie Mac from financial collapse. HERA created the Federal HouSummers, Nicole...
Government-sponsored mortgage giants Fannie Mae, Freddie Mac address foreclosure messBen Mook
Fannie Mae and Freddie Mac hold or guarantee about three-quarters of the mortgages in the U.S. Traditionally, those mortgages have been foreclosed by non-judicial foreclosure in the states (more than half the states) that allow non-judicial foreclosure. In September 2008, a federal agency, ...
Freddie Mac, Fannie Mae's brother corporation, was founded in 1970. It was created with a similar mission: to provide liquidity and keep it flowing in the mortgage market. Freddie Mac also operates a website that lists an inventory of homes available for purchase, HomeSteps.com. Their invent...