![]() It was formed in 1938 as part of Roosevelt’s New Deal package, as part of an effort to sustain homeownership through mortgage-backed securities (MBS). The Federal National Mortgage Associationįannie Mae stands for the Federal National Mortgage Association (FNMA- pronounced Fannie Mae). Read why it’s important to understand the key differences between Fannie Mae and Freddie Mac in this week’s blog post from Nickel City Funding in Orchard Park, NY. ![]() By regulating and securing home mortgage loans, they help make homeownership more accessible. These government-sponsored private mortgage companies are often referred to as “secondary market lenders.” However, they not only back and buy loans-they set rules and regulations for the market. In fact, these are some of the largest mortgage companies in the United States. Fannie Mae and Freddie Mac may sound like the names of some country music star.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |