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They own or guarantee more than $5 trillion in mortgages.
The firms, which own or guarantee more than half of the nation's mortgages, are primary lubricants in the housing economy.
They currently guarantee more than 60 percent of home mortgages, the highest proportion seen in the last 20 years, according to Barclays.
The two firms, which own or guarantee more than half of the country's $10.7 trillion of mortgages, are awash in red ink.
The Treasury Department stepped in to guarantee more than $3 trillion in money-fund assets, and the Federal Reserve devised liquidity programs to shore up the financial markets.
Fannie Mae and Freddie Mac, the government entities that guarantee more than half of the residential mortgages in the United States, have different priorities.
Similar(25)
It guarantees more than half the mortgages in the country.
The Philadelphia Phillies have won without guaranteeing more than three years to a pitcher.
It guaranteed more than $360 billion in mortgages in the last year, four times the amount of 2007.
Completing a construction apprenticeship guarantees more than just a job, he says.
He was upset that he was offered $4.5 million while De La Hoya was guaranteed more than $12 million.
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