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Today’s REAL TidBit explores three Government Sponsored Organizations that act as the backbone of the real estate mortgage markets. Fannie Mae, Freddie Mac, and Ginne Mae buy pools of mortgages from banks and non-bank originators, then package these into low risk securities that are sold around the globe. Since Fannie’s inception in 1938, these GSEs have been the prime liquidity provider to the US mortgage markets.
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