As you can see, housing starts over the last decade have been far below the level of previous decades. We certainly don’t have a weak housing sector in 2011 because an extraordinarily large number of homes were built in the past decade. Rather it seems the recession has caused many famili...
Fannie Mae And Freddie Mac During the great depression in 1934 many people didn’t have jobs. Not having jobs meant that it would be awfully hard for them to obtain a loan from banks in order to purchase homes. The government decided to help the American people by creating the Federal Hou...
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Fannie Mae (FNMA), federally chartered private corporation created as a federal agency by the U.S. Congress in 1938 to ensure adequate liquidity in the mortgage market regardless of economic conditions. It is one of several government-sponsored enterprises (GSEs) established since the early 20th ...