In recent months, the country's two largest mortgage lenders were financing

Growth control in the hands of Congress, Justice Department and Securities and

Exchange Commission (SEC). Federal National Mortgage Association, nicknamed Fannie

Mae and Federal Home Mortgage Corporation, known as Freddie Mac, is powered

In business since 1968 as government sponsored (GSE). This means that although two

Companies are owned and operated by private shareholders who are economically secure

Federal government for aid. Using a number of security given by this Government,

U.S. Treasury, exemption from state and local tax and revenue debt through

Exemption from SEC forgotten. A recent accounting scandal at Freddie Mac, leadership

The company's top executives instead of three has been growing concern

The privileged status of these GSEs enjoy in the market.

In 1938, Fannie Mae is a New Franklin Delano Roosevelt as part of new initiative was

established. Collapse

National real estate market during the Great Depression discouraged private lenders

Investment in mortgage loans. Fannie Mae was created with the help of local banks

Federal money to reach a level of home ownership and mortgage funds in an attempt to

increase Availability of affordable housing.

Fannie Mae and Freddie Mae and their combination with private enterprise, as GSEs

Period of unprecedented economic growth on the previous experience in public support

Decades. That 45 per cent of the total assets of these two companies to combine

Larger than the country's largest bank.

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