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3min chapter
Mark Calabria on Shelter from the Storm
The Great Antidote
The Importance of Mortgage Back Securities and Debt in the Mortgage Market
Fannie and Freddie are government sponsored enterprises. Their charters are to buy mortgages from lenders who originate their mortgages. Mortgage payments and rent tend to be your largest monthly expense often, at least for most of us. So it's an important financial market implication.
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