Fannie Mae

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Title: Fannie Mae

Essay Details:

Subject: Business

Author: Joseph R

Date: May 16, 2016

Level: University

Grade: A

Length: 7 / 1882

Essay text:

Given the salient features of the organization that has culminated into its current standing, this report offers a brief but concise overview of the corporation. The organization began as a part of Roosevelt’s New Deal, a program initiated by the onslaught of worldwide economic depression in the 1930s and the complete collapse of the housing market. Chartered by Congress as the Federal National Mortgage Association in 1938, the organization’s principal mission was to encourage home ownership by providing local banks with money and ensuring the residential mortgage market is well funded by the creation of a secondary mortgage market (Cottle 1998, Allie Mae 2004)...

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