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Friday, June 14, 2013 5:31:24 PM
Government-sponsored enterprise (GSE) in the housing finance
market. As a housing GSE, Fannie Mae is a federally chartered,
privately owned company with a public mission to provide stabil-
ity in and to increase the liquidity of the residential mortgage
market and to help increase the availability of mortgage credit
to low- and moderate-income families and in underserved areas.
Fannie Mae engages primarily in two forms of business: guaran-
teeing residential mortgage securities and investing in portfolios
of residential mortgages
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/gov.pdf
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