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  2. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

  3. Financial Institutions Reform, Recovery, and Enforcement Act ...

    en.wikipedia.org/wiki/Financial_Institutions...

    In addition, FIRREA gives both Freddie Mac and Fannie Mae additional responsibility to support mortgages for low- and moderate-income families (12 U.S.C §1441a–2(b). Authorization for State housing finance agencies and nonprofit entities to purchase mortgage-related assets - Investment requirement).

  4. Government National Mortgage Association - Wikipedia

    en.wikipedia.org/wiki/Government_National...

    Today, Ginnie Mae securities are the only mortgage-backed securities that are backed by the "full faith and credit" guaranty of the United States government, although some have argued that Fannie Mae and Freddie Mac securities are de facto or "effective" beneficiaries of this guarantee after the US government rescued them from insolvency in ...

  5. What is Fannie Mae? All about America’s big mortgage ... - AOL

    www.aol.com/finance/fannie-mae-america-big...

    An FNMA loan, aka a conforming loan or Fannie Mae-backed mortgage, is a loan or mortgage that has been sold to the Federal National Mortgage Association (FNMA, or Fannie Mae) — or one that meets ...

  6. Subprime mortgage crisis - Wikipedia

    en.wikipedia.org/wiki/Subprime_mortgage_crisis

    Franklin Raines earned $90 million in salary and bonuses while he was head of Fannie Mae. [258] Fannie Mae and Freddie Mac are government sponsored enterprises (GSE) that purchase mortgages, buy and sell mortgage-backed securities (MBS), and guarantee nearly half of the mortgages in the U.S. A variety of political and competitive pressures ...

  7. Fannie Mae - Wikipedia

    en.wikipedia.org/wiki/Fannie_Mae

    The July 30, 2008, law enabling expanded regulatory authority over Fannie Mae and Freddie Mac increased the national debt ceiling by US$800 billion (equivalent to ...

  8. Why Bill Ackman is 'confident' Trump will privatize Fannie ...

    www.aol.com/finance/bill-ackman-confident-trump...

    The stocks of Freddie Mac and Fannie Mae — semi-acronyms for Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association — jumped in the hours after Ackman’s comments.

  9. New housing survey: Consumers are getting more confident as ...

    www.aol.com/finance/housing-survey-consumers...

    The Fannie Mae Home Purchase Sentiment Index increased 0.4 points last month to 75 points. The index has risen 10.7 points, or more than 16%, in the last year. Forty-five percent of survey ...