Meet Fannie, Freddie, and Ginnie

Meet Fannie, Freddie, and Ginnie

  Fannie Mae, Freddie Mac, and Ginnie Mae are government entities established to support the nation's housing market.   After the Great Depression, the US Government realized the necessity of establishing government programs to revitalize the economy and support struggling citizens.  Fannie Mae, Freddie Mac, and Ginnie Mae were created to encourage lending for homebuying, and providing affordable loans to homebuyers. Fannie Mae and Freddie Mac are the largest sources of housing finance in the United States.  Ginnie Mae is a government-owned corporation within the Department of Housing and Urban Development (HUD), and offers mortgage-backed securities guaranteed by the US...Read more