SIR - Imagine Hitler had won the Battle of Britain in 1940, and we were under the Nazi jackboot. Hitler was real; Nazism was real; the Gestapo was real; Auschwitz was real; Belsen was real; the jackboot was real; the V1 and the V2 rocket were real - and it was all just 18 miles from our shores.
Fannie Mae held a veritable monopoly over the secondary mortgage market. In 1968...In order to prevent any further monopolization of the market, a second GSE known as Freddie Mac was created in 1970. Currently, Fannie Mae and Freddie Mac control about 90 percent of the nation's secondary mortgage market. .
Freddie Mac is leading the market with initiatives to reduce taxpayer exposure and offer private investors new and innovative ways to invest in the post-crisis creditworthiness of the U.S. residential housing market.