The answer to the question about what is the best way to move forward with secondary mortgage lenders Fannie Mae and Freddie Mac depends on who you ask.
Fannie was created during the Great Depression to ensure ongoing access to home financing. Freddie was established in 1970 in order to compete with Fannie
Both firms collapsed in 2008 and were thrust into conservatorship. Since that time, they have received $188 billion in bailout funds and paid back $250 billion in dividends.
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From:: Financing