Government Sponsored Enterprise

(redirected from Government sponsored entities)

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.
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References in periodicals archive ?
The proposed branch is expected to contribute in medical insurance sector and hereby, it is targeted to engage with local brokers to offer its medical coverage products to Multinational companies with exposure in Bahrain, Local private enterprises with operations abroad requiring international coverage and Government sponsored entities requiring local and international Health cover.
Barings Multifamily Capital LLC, an indirect, wholly owned subsidiary of Barings LLC, is a Michigan limited liability company that originates and services multifamily, senior housing and healthcare facility loans by utilizing programs overseen by governmental agencies and government sponsored entities
As government sponsored entities (GSEs), the ratings of Fannie Mae, Ginnie Mae and Freddie Mac are currently linked to the U.S.
Playtech provides its technology on a B2B basis to the industry's leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries.
Speaking specifically to multifamily, government sponsored entities Fannie Mac and Freddie Mac continue to provide stable, sensible non-recourse permanent financing solutions for today's borrowers.
For 23 years, the company has had an impressive record of servicing large real estate inventories owned by financial institutions, government sponsored entities, portfolio investors and large corporate clients.
Bank of America also announced that in the fourth quarter of 2010 it expects to take a provision of approximately $3 billion related to repurchase obligations for residential mortgage loans sold by Bank of America affiliates directly to Freddie Mac and Fannie Mae (collectively, the Government Sponsored Entities or GSEs).
Bank of America also announced today that in the fourth quarter of 2010 it expects to take a provision of approximately $3 billion related to repurchase obligations for residential mortgage loans sold by Bank of America affiliates directly to Freddie Mac and Fannie Mae (collectively, the Government Sponsored Entities or GSEs).
Known as government sponsored entities, Fannie Mae and Freddie Mac together formed a large part of the secondary mortgage market for the U.S.
SOVEREIGN LINK: As government sponsored entities (GSEs), the ratings of Fannie Mae, Ginnie Mae and Freddie Mac are currently linked to the U.S.
The mortgage company said it uses HAMP on its Fannie Mae-and Freddie Mac-owned mortgages, per government sponsored entities' guidelines.
stated: In this complicated market environment, Fannie Mae, Freddie Mac and HUD (Government Sponsored Entities or "GSE's") continue to play an important role providing liquidity to the marketplace.

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