Popular Mortgage Terms

Fannie Mae Defined

Fannie Mae: also known as the Federal National Mortgage Association (FNMA); a federally-chartered enterprise owned by private stockholders that purchases residential mortgages and converts them into securities for sale an to investors; by purchasing mortgages, Fannie Mae supplies funds that lenders may loan to potentiaI homebuyers

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The definitions of the mortgage terms have been taken from various reliable government
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