The Federal National Mortgage Association (Fannie Mae) and the Federal Home Mortgage Loan Corporation (Freddie Mac) were originally chartered by the U.S. government but have since become private corporations. They are key players in the U.S. housing market. Home prices can only go up if there are new mortgage loans available at the increased price. Enter Fannie Mae and Freddie Mac. Here’s how they facilitate the housing bubble.
Fred and Jennifer were SO happy! This was their wedding day, and life couldn’t be better! As Fred looked at his beautiful bride, he reflected back on recent memories of dating this special lady. He had dated other girls, but they were nothing like Jennifer.