Fannie and Freddie, Government Meddling, and the Celebrity Status of the Mortgage Industry
Fannie and Freddie. You’ve probably heard their names so often lately that some might think that they’re the newest celebrity twins and are expecting to see their pictures on the cover of US Magazine. Too bad that’s not the case. A recent Reuters article gave a great explanation about Fannie and Freddie. Here are some of the highlights: Fannie Mae, the Federal National Mortgage Association, was created in the late 1930s to spur homeownership. Congress christened Freddie Mac, the Federal Na
Original post by FireDream