Documents in the NTIS Technical Reports collection are the results of federally funded research. They are directly submitted to or collected by NTIS from Federal agencies for permanent accessibility to industry, academia and the public.  Before purchasing from NTIS, you may want to check for free access from (1) the issuing organization's website; (2) the U.S. Government Printing Office's Federal Digital System website http://www.gpo.gov/fdsys; (3) the federal government Internet portal USA.gov; or (4) a web search conducted using a commercial search engine such as http://www.google.com.
Accession Number PB2013-100100
Title Fannie Mae's and Freddie Mac's Financial Status: Frequently Asked Questions, September 27, 2012.
Publication Date Sep 2012
Media Count 27p
Personal Author E. N. Weiss
Abstract Fannie Mae and Freddie Mac are charted by Congress as government-sponsored enterprises (GSEs) to provide liquidity in the mortgage market and promote homeownership for underserved groups and locations. They purchase mortgages, guarantee them, and package them in mortgagebacked securities (MBSs), which they either keep as investments or sell to institutional investors. In addition to the GSEs guarantees, investors widely believe that MBSs are implicitly guaranteed by the federal government. In 2008, the GSEs financial condition had weakened and there were concerns over their ability to meet their obligations on $1.2 trillion in bonds and $3.7 trillion in MBSs that they had guaranteed. In response to the financial risks, the federal government took control of these GSEs in a process known as conservatorship as a means to stabilize the mortgage credit market.
Keywords Fannie Mae
Federal government
Finances
Financial management
Freddie Mac
Government-Sponsored Enterprises(GSEs)
Homeownership
Investors
Loans
Mortgages
Risks


 
Source Agency Congressional Research Service
NTIS Subject Category 96F - Banking & Finance
70F - Public Administration & Government
91E - Housing
Corporate Author Congressional Research Service, Washington, DC.
Document Type Technical report
Title Note Rept. to Congress.
NTIS Issue Number 1303
Contract Number N/A

Science and Technology Highlights

See a sampling of the latest scientific, technical and engineering information from NTIS in the NTIS Technical Reports Newsletter

Acrobat Reader Mobile    Acrobat Reader