To the Point
Fannie Mae and Freddie Mac
Freddie Mac and Fannie Mae are owned by private shareholders. But because they originally were chartered by Congress and get favorable rates, investors believe that both companies are implicitly backed by the federal government. They now own almost fifty percent of all mortgages in the United States, amounting to $5 trillion.
By Warren Olney • • 1 min readFreddie Mac and Fannie Mae are owned by private shareholders. But because they originally were chartered by Congress and get favorable rates, investors believe that both companies are implicitly backed by the federal government. They now own almost fifty percent of all mortgages in the United States, amounting to $5 trillion. Last week, their stocks lost almost half their value.
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2 of 3
Bolstering Confidence in America's Finances- 1:45Bush Lifts Father's Ban on Offshore Oil Drilling
- 7:48Fannie Mae and Freddie MacYou’re reading this
- 23:42Lame-Duck President Gets His FISA Bill
The full episode
2 of 3Bolstering Confidence in America's Finances- 1:45Bush Lifts Father's Ban on Offshore Oil Drilling
- 7:48Fannie Mae and Freddie MacYou’re reading this
- 23:42Lame-Duck President Gets His FISA Bill