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These government-sponsored enterprises continue to make headlines because of their explosive growth and resulting heavyweight status within the nation's financial system.
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Earmarks are plentiful in the Ninth District and vary widely.
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This article was originally presented as a speech to the St. Louis Society of Financial Analysts, St. Louis, Missouri, January 13, 2005.
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Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) with the stated objective of promoting home ownership by improving the availability of mortgage financing for private households. These enterprises engage in two separate and distinct lines of business: (i) assembling and...
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Remarks before 40th Annual Conference on Bank Structure & Competition, Fairmont Hotel, Chicago, May 6, 2004
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a speech to the Chartered Financial Analysts of St. Louis, St. Louis, Jan. 17, 2007
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During the last few years, activity in the U.S. housing market has been brisk, and mortgage credit has reached an ever wider circle of borrowers. A recent conference at the Chicago Fed assembled researchers, regulators, and practitioners to discuss the implications of these developments, both...
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