Replies to post #8571 on Fannie Mae (FNMA)

[KELLYCO]

THE US government will privatise Fannie Mae and Freddie Mac, the country's two major mortgage companies



http://www.theaustralian.com.au/business/fannie-mae-and-freddie-mac-to-be-sold/story-e6frg8zx-1225964143857


http://en.wikipedia.org/wiki/Fannie_Mae


"In 1954, an amendment known as the Federal National Mortgage Association Charter Act[7] made Fannie Mae into "mixed-ownership corporation" meaning that federal government held the preferred stock while private investors held the common stock;[5] in 1968 it converted to a private corporation in order to remove its activity from the annual balance sheet of the federal budget.[8] In the 1968 change, Fannie Mae's predecessor (also called Fannie Mae) was split into the current Fannie Mae and the Government National Mortgage Association ("Ginnie Mae"). Ginnie Mae, which remained a government organization,"