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Fannie Mae Fraud
Essay specific features
Written by:
Sam R
Date added:
February 20, 2012
Level:
University
Grade:
B
No of pages / words:
6 / 1502
Was viewed:
7205 times
Rating of current essay:
Essay content:
The charter is directed to increase the availability and affordability for homeownership for low, moderate, and middle-income families. Fannie Mae purchases home mortgages from banks, guaranteeing them, and then resells them to investors, which helps the banks to eliminate the credit and interest rate risk...
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(Fannie Mae Case) Fannie Mae has an advantage over commercial banks, like the US Treasury, Fannie Mae can buy $2.25 billion of each company’s debt, receive exemption from local and state taxes, and implied government backing gives them the ability to take on large amounts of home loans without increasing their low cost of capital...
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