Tag Archives: Ginnie Mae

Fannie, Freddie and Foreclosures- Exploring the True Costs to the US taxpayer

Introducing Fannie Mae, their mission and purpose as explained on fanniemae.com: “Fannie Mae, (Federal National Mortgage Association) is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets.” Yet they have managed to do just the opposite of the purpose for which… Read More »