Holdings include U.S. Treasuries, Federal National Mortgage Association debt, and Federal Home Loan Mortgage debt.

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Fannie Mae (formerly, Federal National Mortgage Association) has mortgage securities very comparable to Freddie Mac's.

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Specifically, the SEC alleges that Fannie Mae, formally known as the Federal National Mortgage Association, underreported the amount of subprime loans made to borrowers with weak credit histories.

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When the travel for that job became too much for a man with a young family, he accepted an offer to become vice chairman of the Federal National Mortgage Association, known as Fannie Mae, the nation's largest investor in home mortgages.

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Indeed, according to the National Association of Home Builders (NAHB), the stimulus of a similar federal tax credit and subsidized mortgage rates offered in 1975 were instrumental in pulling the economy out of recession back then.

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