Government Sponsored Enterprise

Article of the Day: Jumbo Mortgage Rates Too High Compared To Non-Jumbo Mortgage Rates

Government Sponsored Enterprise

Posted:Jul. 23, 2008
03:43 PM

Government Sponsored Enterprise - GSE - Defined
In the mortgage world government sponsored enterprises usually refers to Fannie Mae and Freddie Mac. These two stock exchange private corporations were created Congress to improve the liquidity of the mortgage market.
These two mortgage GSEs set national underwriting standards and insures the loans so Wall Street can [...]

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