Add it to your IMDb page. Find out more at IMDbPro ». How Much Have You Seen? How much of Freddie Wong's work have you seen? See more awards ». Known For. Video Game High School Director. Anime Crimes Division Director. RocketJump: The Show Director. Dimension Director. Show all Hide all Show by Hide Show Director 13 credits. Show all 6 episodes. Jimmy Kimmel Short. Show all 21 episodes. Hide Show Actor 29 credits. Freddie Wong. Freddie the IT Guy.
DJ Elephant. Ehrfucht Gebietend - A Kick in the Math Ehrfucht Gebietend. Hide Show Producer 7 credits. Show all 16 episodes. Rhythm Short producer. Fannie Mae has one additional responsibility according to its charter: to manage and liquidate federally-owned mortgage portfolios to minimize any adverse effects on the residential mortgage market and minimize losses to the federal government. According to Fannie Mae and Freddie Mac's congressional charters , which gave them government-sponsored enterprise GSE status, they operate with certain ties to the U.
For instance, in September , during the height of the financial crisis , they were placed under the direct supervision of the federal government. During normal times, the government ties remain a bit more hidden, but nonetheless important.
According to their congressional charters:. The FHFA regulates, enforces, and monitors Fannie and Freddie's capital standards and limits the size of their mortgage investment portfolios. HUD is responsible for Fannie and Freddie's general housing missions. Mortgage lending discrimination is illegal. If you think you've been discriminated against based on race, religion, sex, marital status, use of public assistance, national origin, disability, or age, there are steps you can take.
Fannie and Freddie's GSE status has created certain perceptions in the marketplace of safety. One was that the federal government would step in and bail out these organizations if either firm ever ran into financial trouble, as was seen in the lead-up to the Great Recession. This is known as an implicit guarantee. Because the market believed in this implicit guarantee, Fannie Mae and Freddie Mac were allowed to borrow money in the bond market at lower yields than other financial institutions could.
The yield on Fannie Mae and Freddie Mac's corporate debt, known as agency debt , has historically been about 35 basis points higher than U. Treasury bonds. AAA-rated financial firm debt, by comparison, has historically yielded about 70 basis points more than U. Thirty-five basis points may not seem like much, but it made a huge difference because of the trillions of dollars involved.
With a funding advantage over their Wall Street rivals, Fannie Mae and Freddie Mac made sizable profits for more than two decades throughout the s and early s. Over this time period, there was a frequent debate about Fannie and Freddie among economists, financial market professionals, and government officials.
Did the implied government backing of Fannie and Freddie actually benefit U. Or was the government just helping the companies and their investors while creating a moral hazard? Fannie Mae and Freddie Mac were given a government-sponsored monopoly in a large segment of the U. This monopoly—combined with the government's implicit guarantee to keep these firms afloat—would later contribute to the mortgage market's collapse. In , Fannie Mae and Freddie Mac began to experience large losses on their retained portfolios, especially on their Alt-A and subprime investments.
In , the sheer size of their retained portfolios and mortgage guarantees led the FHFA to conclude that they would soon be insolvent. However, by Sept. Of course, a long list of missteps led to the Great Recession. However, critics say Fannie and Freddie created an enormous amount of debt and credit guarantees in the years leading up to , and that Congress should have recognized the systematic risks to the global financial system that these firms posed.
The move was a step toward transitioning the two out of conservatorship. If you have been impacted by the COVID pandemic, you may have concerns about paying your mortgage or rent. Under the CARES Act, lenders and loan services were prohibited from starting a judicial or nonjudicial foreclosure against you—or finalizing a foreclosure judgment or sale until March 31, The deadline was extended several times throughout the pandemic and finally expired on July 31, You can request a mortgage forbearance for up to days and potentially extend it another days if you have a financial hardship due to the COVID pandemic.
Additionally, the FHFA also put into place more flexible lending and appraisal standards to make sure that homebuyers can close on loans during the pandemic and that all parties involved can maintain social distancing throughout the process. The federal government provided assistance for individuals who became unemployed as a result of the pandemic. These three unemployment-related programs expired on Sept.
Unemployed individuals may still qualify for benefits as long as they are within the first 26 weeks of their benefits. If you have a Fannie Mae mortgage and can't make your payment due to a COVIDrelated job loss, income reduction, or illness, your mortgage servicer can help with mortgage relief options, including:.
The counselors can create personalized plans, provide financial coaching and budgeting, and support you for up to 18 months. If you're worried about making your mortgage payments, call your mortgage servicer—the company listed on your monthly statement—to ask for help. If you have a Freddie Mac-owned mortgage, you may be eligible for help if you have been directly or indirectly impacted by the COVID pandemic.
There are currently several mortgage relief options if you can't make your mortgage payment due to a loss or decline in income, including:.
Forbearance is not forgiveness. Ask your mortgage servicer about your post-forbearance options. Be wary if the option is a balloon payment rather than simply adding the unpaid months to the end of your mortgage.
The easing of lending and appraisal standards for homebuyers applying for a Fannie Mae- and Freddie Mac-backed mortgage during the pandemic was extended by the FHFA to July 31, , as the final deadline. They allowed:. Fannie Mae and Freddie Mac are charged with keeping the U. Jamie Foxx attended classes at the Braille Institute in order to help him play the role of Ray Charles. The event also influenced the well-documented rise of international development organizations, think tanks, and celebrity charities.
However, Freddy was never ready to get his teeth fixed. Although he could certainly afford it later in his career, Freddie Mercury refused to correct his alignment issue because he believed it contributed to his incredible range. He feared that changing his teeth would negatively affect his singing ability.
New scientific study confirms the obvious: Freddie Mercury had an unparalleled singing voice. His known vocal range extended from bass low F F2 to soprano high F F6. He could also get up to tenor high F F5.
Freddie Mercury may have been one of the more extroverted singers of his generation but his closest friend in Queen was the quietest member. Peter Freestone was a PA to the band and witnessed the friendship from close up and has revealed what bonded Freddie with bassist John Deacon.
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