"Fannie Mae" is a publicly listed corporation that supports the secondary mortgage market by purchasing conventional mortgages, as well as FHA- and VA-backed loans, from lenders nationwide. FNMA then packages and resells these loans as securities. Similar to Freddie Mac (FHLMC), Fannie Mae plays an important connection for the flow of funds between the financial investment market (supply) and loan borrowers (demand). Because of Fannie Mae and Freddie Mac, more funds are made available for the housing market—thus making homeownership generally more affordable. For more information, see the "Fannie Mae" article in the "Mortgage Industry" section.
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