this post was submitted on 26 Jun 2025
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chapotraphouse

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submitted 17 hours ago by Posadas@hexbear.net to c/chapotraphouse@hexbear.net
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[–] tocopherol@hexbear.net 59 points 16 hours ago

Fannie Mae and Freddie Mac are the official nicknames of two federally-funded mortgage/property associations. The full title of Fannie Mae is the Federal National Mortgage Association, Freddie Mac is the Federal Home Loan Mortgage Corporation. These are two government-sponsored enterprises that had a large part in the 2008 mortgage crisis and are now under federal conservatorship.