Fannie
Mae/Freddie Mac---Fannie
Mae is an acronym for Federal
National Mortgage Association, responsible to increase the supply and
affordability of low to middle income housing.
Freddie Mac is a nickname for Federal Home Mortgage Corporation, which
is responsible to help get lower costs of housing and access to home mortgage
financing. Both Fannie and Freddie are
governmentally sponsored enterprises, or GSEs for short.