Government sponsored enterprises


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Government sponsored enterprises

Privately owned, publicly chartered entities, such as the Student Loan Marketing Association, created by Congress to reduce the cost of capital for certain borrowing sectors of the economy including farmers, homeowners, and students.

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 ?
According to Fox News, the mortgages were part of a program called 'Hustle', created by Countrywide, which aimed to quickly make loans that were then sold to government sponsored enterprises Fannie and Freddie.
The latest innovation will allow banks, broker dealers, money market funds and some government sponsored enterprises to lend unlimited overnight cash to the Fed in return for borrowing treasuries in reverse repo transactions.
7, 2011 /PRNewswire/ -- Representatives of CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, testified today before the Capital Markets and Government Sponsored Enterprises subcommittee as the U.
In testimony before the House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, Edward J.
Chairman of the House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, and Rep.
chairman of the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, held a hearing on Mar.
First, the law provides for the development of a national affordable housing trust fund that will be funded by a percentage of the profits from government sponsored enterprises (GSEs).
Frank has also led efforts to modernize the Federal Housing Administration (FHA) and reform the regulatory structure for the Government Sponsored Enterprises.
Categories: Housing, Accounting standards, Agency missions, Government sponsored enterprises, Housing, Housing programs, Lending institutions, Mortgage programs, Regulatory agencies, Reporting requirements, Risk management
For all that, they could thank their congressional charters, which established them as Government Sponsored Enterprises (GSEs).
We take this report seriously," Raines told members of the House Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises.
In testimony before the House Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, Arkansas Insurance Commissioner and then-NAIC president Mike Pickens presented the NAIC's action plan, "A Reinforced Commitment: Insurance Regulatory Modernization Action Plan.

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