Posts Tagged ‘Fannie Mae’

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    Fannie and Freddie, Now Home Improvers

    May 22, 12 • 202 Views • Businesses, Demand, Supply, and Markets, Households, RegulationNo Comments

    By Mira Korber, guest blogger. Last week I asked some house painters how their business was doing and I was a bit surprised to hear their answer. They couldn’t buy brushes and rollers fast enough to keep up with the numbers of jobs on the schedule. I

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    Paying Fannie Mae’s Bills

    Jun 22, 10 • 151 Views • Financial Markets, Government, HouseholdsNo Comments

    Each of us is helping to pay a $10 million monthly grass mowing bill. Why? Because of homes that are owned by Fannie Mae and Freddie Mac. As GSE’s (government sponsored enterprises), Fannie and Freddie had purchased mortgages from financial

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    Is Fannie Mae Your Friend?

    Jun 15, 10 • 165 Views • Economic Thinkers, Financial Markets, HouseholdsNo Comments

    I was surprised to hear that when Fannie Mae was created in 1938 as a federal agency, a part of her mission was to move money. At the time, because of the 1927 McFadden Act, interstate banking was prohibited. As a result, there could be (and was) insufficient