Fannie Mae, Ginnie Mae and Freddie Mac: What Do They Do?
Fannie Mae, Ginnie Mae and Freddie Mac are government-sponsored enterprises (GSEs). The U.S. Congress created these corporations to reduce cost and increase availability of credit to targeted borrowing sectors. GSEs enhance the flow of money between private lenders and investors. Home buyers, farmers, students — and hedge fund managers — are the major beneficiaries of GSEs. Fannie Mae […]