Las Vegas, NV -- (SBWIRE) -- 09/10/2013 -- Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac were housing giants 5 years ago as they are today.
Fannie Mae and Freddie Mac were rescued by the government in 2008 when the two housing giants suffered severe financial crisis. The Treasury pumped money into the banks to rescue the two companies. After 5 years, Fannie Mae and Freddie Mac have started recovering. They have reported profits in the previous quarters.
However, the issue of Fannie Mae and Freddie Mac still remains to the biggest unfinished business. Treasury Secretary Henry Paulson said 5 years ago that it was the most important thing they could have done to prevent a real disaster but now that a while has passed, he says that he did not know they would be standing with nothing done after so long.
To find out what ChartPoppers projects for Federal National Mortgage Association for both short term and long term please click here: FNMA
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