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 (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 ...
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...
Fannie Mae’s (FNM)MyCommunity Mortgagewas at the forefront of the credit crisis, and had many sub-programs, all targeted at low income communities and borrowers. These programs supposedly highlighted the mission that made these GSEs as essential: they were doing what the private sector would no...
All about Fannie Mae, its History, Guidelines, Loans, Stock and Foreclosures. Also check Fannie Mae and Freddie Mac, Jobs, Forms, Bailout, Headquarters and Contact Numbers.
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...
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...
Franklin Raines
Fannie Mae and Revisionist HistoryBenjamin Forgey