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Definition of 'Instrumentality'
An organization that serves a public purpose and is closely tied to federal and/or state government, but is not a government agency. Many instrumentalities are private companies, and some are chartered directly by state or federal government. Instrumentalities are subject to a unique set of laws that shape their activities.

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Investopedia explains 'Instrumentality'

Fannie Mae, Ginnie Mae, Freddie Mac and Sallie Mae are all federal instrumentalities. So are many other financial services organizations, including the Federal Reserve Banks, national banks, commercial banks, most thrifts, most credit unions and insurance companies.[4/24/2012 1:44:49 PM]

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Government-Sponsored Enterprise - GSE
Privately held corporations with public purposes created by the U.S. Congress to reduce the cost of capital for certain borrowing sectors of the economy. Members of these sectors include ... Read More

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Freddie Mac - Federal Home Loan Mortgage Corp FHLMC

A stockholder-owned, government-sponsored enterprise (GSE) chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing for ... Read More

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Ginnie Mae - Government National Mortgage Association - GNMA

A U.S. government corporation within the U.S. Department of Housing and Urban Development (HUD). Ginnie May aims to: 1. Ensure liquidity for government-insured mortgages, including those ... Read More

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Fannie Mae - Federal National Mortgage Association FNMA

A government-sponsored enterprise (GSE) that was created in 1938 to expand the flow of mortgage money by creating a secondary mortgage market. Fannie Mae is a publicly traded company ... Read More

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Sallie Mae - Student Loan Marketing Association

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A publicly traded company that is the largest provider of educational loans in Read More the U.S. Along with providing student loans, Sallie Mae purchases student loans from the original lenders ... Bank Rates Read More Show More 'Related Definitions' Savings Home Equity Mortgage Articles Of Interest Auto

Fannie Mae And Freddie Mac, Boon Or Boom?

Product TodayLast Wk $30K HELOC 4.60% 4.60% These two companies are crucial to the mortgage market, but are they ticking $30K Home Equity Loan 5.78% 5.78% $50K Home Equity Loan 5.47% 5.48% timebombs? $50K HELOC 4.26% 4.26% Read More $100K Home Equity Loan5.43% 5.43% $100K HELOC 4.15% 4.16% Fannie Mae, Freddie Mac And The Credit Crisis Of 2008 Rate data provided by Is the U.S. Congress' failure to rein in these mortgage giants to blame for the Partner Links financial fallout? High Performance Market Data For Stock, Read More Futures, and Forex Unleash Your Trading Potential with Agency Bonds: Limited Risk And Higher Return NinjaTrader Try Mirus Futures Trading Demo with[4/24/2012 1:44:49 PM]


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How Fannie Mae And Freddie Mac Were Saved

These mortgage giants had to be put under government conservatorship, driving home the gravity of the subprime crisis. Read More

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Talking To Aging Parents About Money

Addressing this difficult topic is crucial, but you must approach it with compassion. Read More Show More 'Articles Of Interest'
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