Q&A: Freddie Mac and Fannie Mae


Subject:
Consumer Research & Advocacy , Home Buying & Financing , Loans

Description:
Brief answers to questions from July 2008 about "[t]roubled US mortgage giants Freddie Mac and Fannie Mae [who] are at the heart of the US housing market." Covers who are Fannie Mae and Freddie Mac ("shareholder-owned companies mandated by the US Congress to provide funding to the housing market"), what they do, why they are in trouble, and what would happen if they failed. From the British Broadcasting Corporation (BBC).

Publisher:
British Broadcasting Corporation (BBC)

Language:
English

Source:
http://news.bbc.co.uk/2/hi/business/7502310.stm


PID= res:lii-26502