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Why Fannie and Freddie survived

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Fannie Mae said on Monday 36,583 single-family homes whose mortgages it guarantees were in the initial impact area of Harvey, the most powerful storm to hit Texas in more than 50 years.


ONE of the most interesting and uncovered stories these days is the survival of Fannie Mae and Freddie Mac - the giant housing entities created by the US government and known collectively as the GSEs (for Government-Sponsored Enterprises). On Sept 6, 2008, nine days before the...