Federal National Mortgage Association FNMA

"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.

Was this article helpful?

0 0
Real Estate Essentials

Real Estate Essentials

Tap into the secrets of the top investors… Discover The Untold Real Estate Investing Secrets Used By The World’s Top Millionaires To Generate Massive Amounts Of Passive Incomes To Feed Their Families For Decades! Finally You Can Fully Equip Yourself With These “Must Have” Investing Tools For Creating Financial Freedom And Living A Life Of Luxury!

Get My Free Ebook

Post a comment