(Fore)Closing on the American Dream
… the Federal Housing Administration (FHA)—two parts of the National Housing Act of 1934—that the U.S. government began … more borrowers. The federal government created the Federal National Mortgage Association (Fannie Mae) in 1938, a unique … In 1968, the federal government spun off the Government National Mortgage Association (Ginnie Mae) from Fannie Mae. …