Not exact matches
While
government agency - backed RMBS were not immune to the negative credit risk implications, especially as the
government agencies — Federal National Mortgage Association (FNMA or Fannie Me) and Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac)-- were
placed under
conservatorship by the U.S.
government in 2008, «private label» RMBS without
government backing were clearly the more volatile investments, and they suffered losses
in the underlying assets, as well as severe swings
in market value.
In September 2008, the Federal Housing Finance Agency (FHFA)
placed Fannie Mae and Freddie Mac (the
government - sponsored enterprises, or GSEs) into
conservatorship.
The pair of mortgage - finance giants, which were bailed out by the U.S.
government and
placed in conservatorship in 2008 during the height of the financial crisis, have historically boasted outsize influence on the single - family mortgage market, but Rosengren expressed concern that the duo's growing clout
in the multifamily sector may pose a risks, as the
government considers new structures for the entities, created
in the wake of the Great Depression to help facilitate homeownership.
«Fannie Mae and Freddie Mac were
placed into
conservatorship in September 2008 and their ability to fund operations relies heavily on the U.S.
government.»