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In 1954, an amendment known as the Federal National Mortgage Association Charter Act [14] made Fannie Mae into "mixed-ownership corporation", meaning that federal government held the preferred stock while private investors held the common stock; [9] in 1968 it converted to a privately held corporation, to remove its activity and debt from the ...
In 2003, the Bush Administration sought to create a new agency, replacing the Office of Federal Housing Enterprise Oversight, to oversee Fannie Mae and Freddie Mac.In 1992, in the wake of the savings and loan crisis, and over concern that similar lending problems would develop, the Office of Federal Housing Enterprise Oversight was created as part of the Department of Housing and Urban ...
One more noted activist investor has finally announced why he owns nearly 10% of the common stock of both Fannie Mae and Freddie Mac , the two government-sponsored entities at the heart of the ...
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.
Both Fannie Mae and Freddie Mac often benefited from an implied guarantee of fitness equivalent to truly federally backed financial groups. [ 57 ] As of 2008, Fannie Mae and Freddie Mac owned or guaranteed about half of the U.S.'s $12 trillion mortgage market. [ 58 ]
It's the end of an era: Mortgage giants Fannie Mae and Freddie Mac no longer will be traded on the New York Stock Exchange. The Federal Housing Finance Agency made the request. From now on, both ...
For a list of articles discussing the Federal Home Loan Bank System, Fannie Mae, and Freddie Mac, see Fannie Mae and Freddie Mac: A Bibliography. Susan M. Hoffman and Mark K. Cassell, eds. Mission Expansion in the Federal Home Loan Bank System (State University of New York Press; 2010) 208 pages; Thomson, James B. and Matthew Koepke.
Restoring value to the shares of Fannie Mae and Freddie Mac is a politically unpopular position. With so much emphasis on the roles of these government sponsored enterprises (GSEs) in the housing ...