How do Fannie Mae, Freddie Mac and Ginnie Mae differ?
Freddie Mac and Fannie Mae have substantially similar charters, Congressional mandates and regulatory structures. Both Freddie Mac and Fannie Mae operate as publicly traded corporations. Ginnie Mae is a wholly-owned government corporation within the U.S. Department of Housing and Urban Development (HUD). Unlike Freddie Mac and Fannie Mae, Ginnie Mae’s guarantee is backed by the full faith and credit of the U.S. government.
