O'Reilly logo

Underwater: Options When Your Mortgage Is Upside Down by Chris Lauer

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Images

What You Should Know About Fannie Mae and Freddie Mac

According to the Congressional Budget Office (CBO):

Four decades ago, Congressional charters set up Fannie Mae and Freddie Mac as government-sponsored enterprises (GSEs)—privately owned financial institutions established by the government to fulfill a public mission. The two GSEs were created to provide a stable source of funding for residential mortgages across the country, including loans on housing for low- and moderate-income families.

Fannie Mae and Freddie Mac carry out that mission through their operations in the secondary mortgage market. They purchase mortgages that meet certain ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required