Housing woes spread to Fannie Mae & Freddie Mac

 Housing woes spread to Fannie Mae & Freddie Mac

In July, credit woes extended to the strongest participants in housing finance - Fannie Mae & Freddie Mac.  Fannie Mae (originally Federal National Mortgage Association) was established as a "government sponsored entities" (GSE's) in 1938 to help Depression era homeowners to obtain mortgages

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