Government Sponsored Entity or GSELast modified June 10, 2023
Fannie Mae, Freddie Mac, FHLB and the Farm Credit System. These are the financial services corporations established and chartered by the U S Congress. Although they seem to be departments of the Federal Governments, GSE Securities are not backed by the “full faith” and “credit” of the Federal Government. They are Agencies that are used to purchase individual residential mortgages and have their own guidelines.