Fannie Mae
MTnews asked: Daily Market Commentary for July 11, 2008 from Millennium-Traders.ComFannie Mae (NYSE: FNM) was created by Congress in 1938 to promote home buying to Americans; Freddie Mac (NYSE: FRE) was created in 1970 to expand the secondary market for mortgages. Combined, the two own or guarantee approximately $5 trillion of mortgages which makes up [...]
