Government Sponsored Enterprise

(redirected from Government-Sponsored Agencies)

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 ?
A member of Sutherland's Corporate Practice Group, Meltem's derivatives practice represents a broad range of counterparties, including mutual funds, dealer banks, business development companies, insurance companies, pension plans, government-sponsored agencies, universities, nonprofit corporations and energy companies.
All debt capital sources were represented, including banks, life insurers, government-sponsored agencies and CMBS issuers.
The loans were originated by a wide spectrum of lenders, including banks, life insurers, government-sponsored agencies and CMBS issuers.
government-sponsored agencies (FHLMC, FNMA, SLMA and others), and an array of repo transactions.
As one of the few specialist independent advisors in the world, HCF also assists its clients in securing debt funding, in particular limited recourse project finance through the involvement of multilateral institutions, government-sponsored agencies and commercial banks.
Financial aid information is typically provided through events sponsored by high schools, colleges and universities, and multiple community and government-sponsored agencies. The fact that a variety of opportunities exist for students and families to receive financial aid information may lead one to assume that these groups are well informed.
And economic problems are something private industry is much more used to dealing with than Government-sponsored agencies such as Nasa.
And financing is improving with the reinstatement of the low-income housing tax credit, greater support from government-sponsored agencies, and private investors' search for higher-yield investments as interest rates and dividend yields stay low.
Three government-sponsored agencies dominate secondary market activity-the Federal National Mortgage Association (FNMA, or Fannie Mae), the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac), and the Government National Mortgage Association (GNMA, or Ginnie Mae)-although banks, thrift institutions, insurance companies, and other entities are active as well.
Those concerned about the plight of real estate and principal risk, can still participate solely in CMO residuals where the mortgage certificate collateral is guaranteed by government or government-sponsored agencies (GNMA, FNMA, or FHLMC) reducing this variable to its lowest possible level.
The bill would require that any building owner who receives financial assistance from the City of New York, or houses government-sponsored agencies, provide prevailing wages and health benefits to the building's security and cleaning staff.

Full browser ?