Fannie Mae and Freddie Mac’s Housing Goals

Congressional Budget Office

No 60190, Reports from Congressional Budget Office

Abstract: Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) that purchase mortgages from lenders, package them into securities to be sold to investors, and guarantee the timely payment of those securities, charging fees in exchange for that guarantee. By law and regulation, the GSEs must allocate a share of their purchases to mortgages made to low-income families and certain underserved populations. The details of that allocation are described in directives known as housing goals.

JEL-codes: G21 G28 H53 I38 (search for similar items in EconPapers)
Date: 2024-11-13
New Economics Papers: this item is included in nep-ban, nep-inv and nep-ure
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