Fannie Mae To Start Making Housing Trust Fund Payments
When Congress passed the Housing and Economic Recovery Act (HERA) it included a provision that Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) contribute to the newly established Housing Trust Fund, but considering the shape the GSEs were in at the time it also gave the head of the Federal Housing Finance Agency (FHFA) the right . . .
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