GSE Reform: Fannie Mae, Freddie Mac

Congress and the Administration are working to reform the institutions that help fund mortgages in the United States. GSE stands for Government Sponsored Enterprise and is generally used as a generic reference for organizations chartered by the government to facilitate the flow of money into mortgage products. Fannie Mae, Freddie Mac and Ginnie Mae are examples of GSEs. Fannie Mae and Freddie Mac were placed into conservatorship in 2008. The administration and Congress have indicated that they want to wind down the functions of Fannie Mae and Freddie Mac, and turn the functions of the secondary mortgage market over to the private sector.


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