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A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...
A government-sponsored enterprise (GSE) is a type of financial services corporation created by the United States Congress.Their intended function is to enhance the flow of credit to targeted sectors of the economy, to make those segments of the capital market more efficient and transparent, and to reduce the risk to investors and other suppliers of capital.
In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, or activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.
Traditionally, regular appropriations bills have provided most of the federal government's annual funding. [4] The text of the bill is divided into "accounts" with some larger agencies having several separate accounts (for things like salaries or research/development) and some smaller agencies just having one. [4]
Fannie Mae and Freddie Mac history In 1938, the government created Fannie Mae, or the Federal National Mortgage Association, amid the struggles of the Great Depression.
Ginnie Mae and Fannie Mae are both key players in the home mortgage business. The two organizations help make home loans available and affordable by increasing lenders' access to funds through the ...
What is the history of Ginnie Mae? ... One remained Fannie Mae (more on the difference between the two below) and the other became Ginnie Mae. It operates under the aegis of the U.S. Department of ...
Ginnie Mae, formerly the Government National Mortgage Association, which originally only provided insurance for bonds issued by FHA and VA mortgages in special affordable housing programs. [3] In 1970, Ginnie Mae became the first organization to create and guarantee MBS products and has continued to provide mortgage funds for homebuyers ever since.