History of Fannie Mae Fannie Mae was established in 1938 by the US Congress during theGreat Depressionas part of the New Deal instituted by President Franklin Roosevelt to manage the effects of the downturn on the economy. Its role was to grow the mortgage market by securitizing mortgages, th...
Rewriting Fannie Mae History.The article criticizes the views of former Fannie Mae chief executive officer (CEO) Franklin Raines on the reasons for the failure of the U.S. government-sponsored mortgage firms Fannie Mae and Freddie Mac.EBSCO_bspWall Street Journal Eastern Edition...
First, let me review a little of the history of how we got here. Fannie Mae (otherwise known as the Federal National Mortgage Association) was created by an act of the United States Congress in 1938 as a government-sponsored enterprise (GSE) intended to purchase loans that had been guarante...
Fannie Mae is one of the Ponzi schemes created during the FDR New Deal, 1938. Nearly all of those in the FDR “brain trust” were not smart enough to understand that the success that they reasoned would come from such agencies was actually based on the pyramid. Since the Great, Depression...
“ACC Mortgage is coming off its 2nd best month in its 25-year history. 2024 is shaping up to be our best year ever! How many mortgage companies can claim that? Are you planning for your next 25 years? ACC is seeking four (4) well-qualified Account Executives or a team that is look...
By James Kwak My previous post on Fannie/Freddie had two major parts. In the first part, I questioned whether the thirty-year fixed-rate mortgage would really go away (or become much more expensive) without Fannie/Freddie, as some people have argued. In
ET By NICK TIMIRAOS Two nonprofit housing organizations filed suit Tuesday against the regulator of Fannie Mae and Freddie Mac for not allowing the mortgage-finance companies to contribute funds to two federal affordable-housing trust funds. Congress established two funds in July 2008 to finance low...
History of Fannie Mae Fannie Mae was established in 1938 by the US Congress during theGreat Depressionas part of the New Deal instituted by President Franklin Roosevelt to manage the effects of the downturn on the economy. Its role was to grow the mortgage market by securitizing mortgages, th...
Fannie Mae and Revisionist HistoryBenjamin Forgey
Franklin Raines