Hints and tips:
...Private-label means the loans backing the bonds are not guaranteed by the US government’s housing giants, Fannie Mae, Freddie Mac and Ginnie Mae....
...The loans were then sold on to private buyers and Fannie Mae and Freddie Mac, the quasi-government agencies that guarantee mortgages....
...In 1968, Fannie Mae was split into two agencies: the Government National Mortgage Association (Ginnie Mae) and the re-chartered Fannie Mae, which became a privately owned government-sponsored enterprise...
International Edition