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Fannie Mae is a government sponsored enterprise (GSE) which helps by providing mortgages to American house owners. It trades loans that are already given to consumers to speculators. Until july 2008 low mortgage rates could be offered to house owners since the rates are inversely proportional to "debt securties" such as stocks. However, when stocks wents down, the rates on the mortgages went up, and this has brought many American house owners mortgaged by Fannie Mae into severe problems.
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How do you get fannie Mae to show your mortgage?
Even if Fannie Mae is guaranteeing your mortgage, it is most likely that the company servicing your account (the ones you send payments to) is the place for you to contact to see your mortgage information. Fannie Mae is in a sense an investment house.
If you have a fannie Mae Mortgage with PMI can you take advantage of a refinance or modification to your mortgage through Obama's new relief bill?
Yes all Fannie Mae loans with enough persisitance can be modified.
What percent of mortgage market is fannie Mae and Freddie mac?
95
What was the mission of Fannie Mae?
The mission of Fannie Mae is to provide liquidity and stability in the U.S. housing and mortgage market. The made efforts to help struggling homeowners and must create a stable housing finance system for the future.
Fannie Mae and Freddie mac securitize what type of mortgage loans?
Prime
Where did the names from Fannie Mae and Freddie Mac originate?
Popular spelling "say as you hear" Fannie Mae = Federal National Mortgage Association - FNMA Freddie Mac - Federal Home Loan Mortgage Corp - FHLMC
What is the origin of fannie in Fannie Mae?
The term "Fannie Mae" comes from the abbreviation for the true name of Fannie Mae--the Federal National Mortgage Association (FNMA). FNMA is a government-sponsored entity. For more, see http://www.fanniemae.com/kb/index?page=home&c=aboutus
Which president was in office when fannie Mae and Freddie mac mortgage comp first started?
fannie mae= 1938- Democratic President Roosevelt freddie mac= 1970- Republican President Nixon
What is the difference between Freddie Mac and Fannie Mae?
The main difference between Fannie Mae (FNMA; Federal National Mortgage Association) and Freddie Mac (FHLMC; Federal Home Loan Mortgage Corporation) is that Fannie May primarily buys mortgages issued by banks and Freddie Mac primarily buys mortgages issued by thrifts. A secondary difference between the two is that Fannie Mae started in 1938 as part of the "New Deal" and Freddie Mac started in 1970 in order to create competition in the secondary mortgage market.
What is a conforming mortgage?
Loans meets underwriting guidelines required for Fannie Mae or Freddie Mac to purchase them.
What recent developments in mortgage financing have favored securities dealers?
the bulk of residential mortgage originations are used to collateralize mortgage securities, primarily through secondary loans originating from Freddie Mac, Fannie Mae, and Ginnie Mae.
Where can one find current Fannie Mae mortgage rates?
One can find the current Fannie Mae mortgage rates online at a website known as BankRate. This will break down the average rate in the periods of one week ago, one month ago and one year ago.
