Mortgage Finance (Concurrent Developments): Emergence of the GSEs and Rapid Evolution of the Secondary Mortgage Market

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*This post is a part of a series of posts I have written. To start from the beginning, click [shorturl.at/hsF48].

In 1970, the U.S. government created the Federal Home Loan Mortgage Corp. (Freddie Mac). The U.S. government also expanded the charter of the Federal…