Are the names f***y Mae and Freddy Mac real people, or just symbolic names like Uncle Sam?

Question

Thanks! you are 1 proud Canadian, and you should take pride in your answer, very informative, thanks again.

Answer 1

The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a government sponsored enterprise (GSE) of the United States federal government. It is a shareholder-owned corporation authorized to make loans and loan guarantees.

It is the leading market-maker in the U.S. secondary mortgage market, which helps to replenish the supply money for mortgages and enables money to be available for housing purchases. As of 2008, Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) own or guarantee about half of the U.S.'s $12 trillion mortgage market.[7] As a result, the corporations were affected particularly hard by the subprime mortgage crisis in late 2007 and early 2008.