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 ?
Government-sponsored entities, or guaranteed by the Government National Mortgage Association.
As long as the two government-sponsored entities are in conservatorship or receivership and have capital support from the U.
The real estate boom began to bust shortly after that article was published, taking with it some major banks and trailing in its wake trillions of dollars in bailouts, federal receiverships for the government-sponsored entities Fannie Mae and Freddie Mac, and efforts at both fiscal and monetary stimulus.
2) Thus far, though the housing market turmoil and credit crunch have claimed mortgage lenders, investment banks, commercial banks, government-sponsored entities and mortgage and financial guaranty insurers, AIG is the first major multiline insurer to be brought to the brink of bankruptcy, Are there more to come?
Koizumi also asked his predecessors to back his plan to abolish or privatize seven major state-backed institutions as the first step to reforming government-sponsored entities, the lawmakers said.
Despite the severity of the downturn, distress in Malaysia's better run corporate sector was far less widespread than elsewhere, and indebtedness was concentrated far more in government-sponsored entities.
Government-sponsored entities, such as Fannie Mae, Freddie Mac or Ginnie Mae.
AMS is an industry leader in the REO market, maintaining deep relationships with government and government-sponsored entities.
said various rumors of an imminent bailout of the two government-sponsored entities, starting with a recent report in the U.
Capstead's core investment strategy is managing a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae.
Capstead earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae.
Capstead earns income from investing in a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage securities issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae.

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