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Why do retailers hire people with varied expertise and interests?
Fannie Mae
A government-sponsored enterprise (GSE) aimed at expanding the secondary mortgage market by securitizing mortgages.
Mortgage-Backed Securities
Securities issued for the financing of large pools of mortgages. The promised returns to the security holders are derived from the mortgage interest payments.
Capital Requirement
The minimum amount of financial resources that a firm needs to conduct its business activities, often regulated in industries like banking.
Investment Banks
Financial institutions that assist individuals, corporations, and governments in raising capital by underwriting and/or acting as the client's agent in securities issuance.
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