Government Sponsored Enterprise


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Government Sponsored Enterprise

A privately held or publicly traded company created by the U.S. Government for some purpose thought to benefit the American economy. For example, Freddie Mac was originally a GSE created to encourage homeownership among middle class and working class Americans. Because it is "sponsored" but not owned by the government, GSE stocks carry higher risk than, say, Treasury securities, which are backed by the full faith and credit of the United States. However, GSEs have an implicit guarantee that the government will not allow them to fail. Indeed, when Fannie Mae and Freddie Mac collapsed in 2008 they almost instantly received federal assistance.
References in periodicals archive ?
Citizens Against Government Waste (CAGW) President Thomas Schatz will testify before the House Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises.
have been declining, enabling the government sponsored enterprises to capture a significantly larger share of the home loan market even without an increased ceiling.
government securities, government sponsored enterprises, municipal securities, corporate and foreign bonds, corporate equities, security credit and miscellaneous assets.
A notice in today's Federal Register announces the hearings, which are scheduled for March 25-26, 1993, and outlines the 14 topics concerning the Bank System, government sponsored enterprises generally and other topics pertaining to housing finance that the Finance Board has been requested to address.
CMC has historically focused on servicing for government sponsored enterprises (GSE's).
Zerzan managed various Treasury offices and initiatives, including overseeing the Terrorism Risk Insurance Program and the Office of Financial Institutions, as well as helping create policy on government sponsored enterprises.
The Securities and Exchange Commission has requested that it be allowed to coordinate for all government sponsored enterprises (GSEs) any imposition of civil money penalties against selling group members.
GMAC Mortgage is an established leader in the development, implementation and administration of customized subservicing programs for financial institutions, government sponsored enterprises, specialty finance companies, insurance companies, utility companies and investment banking firms.

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