Archive - September 8, 2008

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A Financial Planner Reviews The Fannie and Freddie Show

A Financial Planner Reviews The Fannie and Freddie Show

The Treasury Department’s much-anticipated plan to prop up Fannie Mae and Freddie Mac has finally been (mostly) revealed. The move should help a bit to keep mortgage markets afloat, but if you’re not sure what all the fuss is about, this short primer should help.

What are Fannie and Freddie?
The financial world seems to have an insatiable appetite for cute nicknames.  Nowhere is this more evident than in the names used to refer to the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae).  These organizations were among several public corporations described as …

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