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What is a conforming mortgage?
Loans meets underwriting guidelines required for Fannie Mae or Freddie Mac to purchase them.
What is a LP Mortgage?
LP Stands for Loan Prospector, This is a full feedback Certificate , under Freddie Mac reflecting the borrowers eligibility or restrictions on a refi or purchase and debt to income ratios or type of mortgage to evalute borrowers ability to qualify for a loan under freddie Mac
What percent of mortgage market is fannie Mae and Freddie mac?
95
What type of loan does Freddie Mac provide?
Freddie Mac is a government-sponsored corporation that buys home mortgages and sells them as mortgage-backed securities.
Fannie Mae and Freddie mac securitize what type of mortgage loans?
Prime
What is a conforming mortgage?
Loans meets underwriting guidelines required for Fannie Mae or Freddie Mac to purchase them.
What is a LP Mortgage?
LP Stands for Loan Prospector, This is a full feedback Certificate , under Freddie Mac reflecting the borrowers eligibility or restrictions on a refi or purchase and debt to income ratios or type of mortgage to evalute borrowers ability to qualify for a loan under freddie Mac
What percent of mortgage market is fannie Mae and Freddie mac?
95
What type of loan does Freddie Mac provide?
Freddie Mac is a government-sponsored corporation that buys home mortgages and sells them as mortgage-backed securities.
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
Where can someone purchase Freddie Mac stock?
One can purchase Freddie Mac stock directly through a bank's stock purchasing service or through a broker. Freddie Mac trades on the OTC stock market and their ticker symbol is FMCC.
What is the meaning of the name Freddie Mac?
The company is called "Federal Home Loan Mortgage Corporation". The abbreviation is FHLMC, which should, but does not, sound like "Freddie Mac" See also Federal National Mortgage Association (FNMA)= Fannie Mae.
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.
Stock symbol for Freddie mac?
The Federal Home Loan Mortgage Corporation, more popularly known as Freddie Mac, has been around since 1970. Its stock symbol is FMCC.
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 Fannie Mae and Freddie Mac loans?
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.
