Fannie and Freddie, Now Home Improvers

By Mira Korber, guest blogger. Last week I asked some house painters how their business was doing and I was a bit surprised to hear their answer. They couldn’t buy brushes and rollers fast enough to keep up with the…

Paying Fannie Mae’s Bills

Each of us is helping to pay a $10 million monthly grass mowing bill. Why? Because of homes that are owned by Fannie Mae and Freddie Mac. As GSE’s (government sponsored enterprises), Fannie and Freddie had purchased mortgages from financial…

Is Fannie Mae Your Friend?

I was surprised to hear that when Fannie Mae was created in 1938 as a federal agency, a part of her mission was to move money. At the time, because of the 1927 McFadden Act, interstate banking was prohibited. As…