Quote from wmbwinn:
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1)Freddie/Fannie get a government mandate to guarantee mortgage loans made to poor people who normally can't get a home mortgage.
2)Freddie/Fannie and Government regulators go to banks with the program.
3)Some banks look at it as easy money: make the loans to a big eager population. sell the notes off to various programs which eventually ends up as bundled financial products that are owned by Freddie/Fannie OR which are insured/backed by Freddie/Fannie.
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Quote from Mavdog:
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that is NOT the "mandate" of either freddie or fannie. you are totally wrong.
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again, you can divide straws and pick apart the words. Agreed that the above is not the only mandate/role of Freddie/Fannie. Disagree if you think that Freddie and Fannie do not play the role I stated.
The articles I have dropped in support my position. And, if you disagree with me, then give me some evidence rather than just your angry opinion