Lehnert, Andreas; Passmore, Wayne; Sherlund, Shane M. - Federal Reserve Board (Board of Governors of the … - 2006
Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) that securitize mortgages and issue mortgage-backed securities (MBS). In addition, the GSEs are active participants in the secondary mortgage market on behalf of their own investment portfolios. Because these portfolios have...