Fannie Mae

Essay specific features

 

Issue:

Business

 

Written by:

Frances S

 

Date added:

January 5, 2014

 

Level:

 

Grade:

C

 

No of pages / words:

13 / 3488

 

Was viewed:

3919 times

 

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Essay content:

In 1968, the government converted Fannie Mae into a private shareholder-owned corporation in order to remove its activity from the annual balance sheet of the federal budget.[6] Consequently, Fannie Mae ceased to be the guarantor of government-issued mortgages, and that responsibility was transferred to the new Government National Mortgage Association (Ginnie Mae)...
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In 1968, the government converted Fannie Mae into a private shareholder-owned corporation in order to remove its activity from the annual balance sheet of the federal budget.[6] Consequently, Fannie Mae ceased to be the guarantor of government-issued mortgages, and that responsibility was transferred to the new Government National Mortgage Association (Ginnie Mae)...
displayed 300 characters

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