Posts Tagged ‘home ownership’

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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