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August 01, 2006
Home Mortgage Loan Tips: History of Fannie
Fannie Mae was chartered in 1938, as the Federal National Mortgage Association (FNMA), with the responsibility of creating a secondary market for home mortgages. It operated under direct federal control. In 1968, the Federal National Mortgage Association was partitioned into two separate entities-one wholly owned by the government and known as the Government National Mortgage Association (Ginnie Mae), and the other to retain the Federal National Mortgage Association (Fannie Mae) name. It was privatized by legislation enacted in 1968 and became fully private in
From Home Mortgage Loan Tips: History of Fannie
Posted by Matt at August 1, 2006 02:16 PM
