why are they called fannie mae and freddie mac
Fannie Mae The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal,[2] the corporation's purpose is to expand the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities (MBS),[3] allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts").[4] Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac.
Great Plains The region is known for supporting extensive cattle ranching and dry farming.
Standard deviation Let X be a random variable with mean value Î¼:
Great Recession in the United States Following the bursting of the housing bubble in mid-2007, and the housing market correction and subprime mortgage crisis the following year, the United States entered a severe recession.
Import quota Quotas, like other trade restrictions, are typically used to benefit the producers of a good in that economy.
Classic car Cars 20 years and older typically fall into the classic class.