How Freddie and Fannie brought the house down

What are Fannie Mae and Freddie Mac?

How Freddie and Fannie brought the house down
Sat, 13 Sep, 2008 - 01:00

They are both shareholder-owned companies mandated by the US Congress to provide funding to the housing market.

Fannie Mae is short for Federal National Mortgage Association; Freddie Mac is short for Federal Home Loan Mortgage Corporation.

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