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Part of Roosevelt's depression recovery program. It was one of many "GSE" or government sponsored enterprises. Fannie Mae was later privatized. Greenspan and Bernanke have described Fannie Mae and Freddie Mac as private corporations, having an ambiguous relationship with our the federal government. As private corporations, they could generously reward their CEO's during the housing boom and have limited disclosure of their loans. Obviously, the take over removes this ambiguity. See: http://en.wikipedia.org/wiki/Fannie_Mae
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What year did Fannie Mae start?
WHAT YEAR DID FANNIE MAE START?
Why did the federal government take over fannie Mae and Freddie mac?
The federal government took control of Fannie Mae and Freddie Mac on Sunday in a bid to keep the two mortgage giants from failing, catastrophes that would have made home loans harder to get and taken the nation's housing collapse to a new level of crisis.
Who was president of the US when fannie Mae was started?
RICHARD nIXON
Which president was in office when fannie Mae and Freddie mac mortgage comp first started?
fannie mae= 1938- Democratic President Roosevelt freddie mac= 1970- Republican President Nixon
Can the fed charter corporations?
Not really although they do have "dotted line" influence over such orgs as the Federal Reserve and Fannie Mae.
What is the origin of fannie in Fannie Mae?
The term "Fannie Mae" comes from the abbreviation for the true name of Fannie Mae--the Federal National Mortgage Association (FNMA). FNMA is a government-sponsored entity. For more, see http://www.fanniemae.com/kb/index?page=home&c=aboutus
What is the best brand of fannie Mae?
Fannie Mae is a government sponsored program to help enable people to obtain mortgages to purchase a home. Fannie Mae does not use one single brand but helps homeowners to find the best rates available.
What year did Fannie Mae start?
WHAT YEAR DID FANNIE MAE START?
What is the definition of fannie Mae sam vendor?
A Fannie Mae SAM vendor is a company that has been approved by Fannie Mae to perform work for them.
When was Fannie Mae - song - created?
Fannie Mae - song - was created in 1959.
Who is president of fannie Mae foundation?
The Fannie Mae Foundation no longer exists.
How does Sallie Mae differ from Fannie Mae?
Sallie Mae is in the business of student loans while Fannie Mae is in the business of home loans.
Is Fannie Mae a reliable website?
Fannie Mae's website is reliable, but please make sure that you are actually at the Fannie Mae website and not a phishing website. Look for the Fannie Mae logo at the left of the address bar in your browser, and make sure the name is spelled correctly in the URL (website address).
How do you pronounce Fannie Mae?
The Mae is like May, the month.
What is the ticker symbol for Fannie Mae?
The ticker symbol for Fannie Mae is FNM and it is traded on the New York Stock Exchange.
What is the origin of Mae in Fannie Mae and Sallie Mae?
Mae is a creative pronunciation for Mortage Association
What are Government Sponsored Enterprises in the mortgage market?
Government sponsored enterprises (GSEs) in the mortgage market are the Federal Home Loan Mortgage Corporation ("Freddie Mac"), the Federal National Mortgage Association ("Fannie Mae") and the Government National Mortgage Association ("Ginnie Mae"). The GSEs facilitate liquidity in the mortgage markets by purchasing conforming mortgages from lenders, securitizing them, and onselling them into the secondary financial markets. Freddie Mac and Fannie Mae are both privately owned corporations, with an implicit government guarantee. This means that if they become insolvent, the US Government is very likely to step in. Freddie Mac and Fannie Mae hold almost 20% of the mortgages in the market. Ginnie Mae is a wholly owned government enterprise, established in the late 1960's to facilitate home ownership by low to moderate income families.
