Instrumentalities that promote inter - governmental cooperation
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The concept of instrumentality may be applied to a number of contexts. Fannie Mae, Ginnie Mae, Freddie Mac and Sallie Mae are all federal instrumentalities that provide mortgages and student loans to borrowers. Their public purpose is to promote home ownership and higher education by providing credit.
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The concept of instrumentality may be applied to a number of contexts. Fannie Mae, Ginnie Mae, Freddie Mac and Sallie Mae are all federal instrumentalities that provide mortgages and student loans to borrowers. Their public purpose is to promote home ownership and higher education by providing credit.
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