Fannie Mae and Freddie Mac: Background, Reforms and Legislation

ISBN-13: 9781536186529

Dominik Wurfel

Opis

Congress chartered Fannie Mae and Freddie Mac, also known collectively as the government-sponsored enterprises (GSEs), to promote homeownership for underserved groups and locations by providing liquidity to the secondary mortgage market. National mortgage rates tend to fall as the supply of funds in this market increases, making homeownership more affordable. This book describes Fannie Maeas and Freddie Macas activities and mission and summarizes the progress made to date on FHFAas initiatives.