Anonymous ID: 62e50d Nov. 30, 2023, 10:02 a.m. No.20004036   🗄️.is 🔗kun   >>4043

Combat Vets Destroy Dangerous Cop & Karens! Cop Gets Dressed Down & Owned! First Amendment Audit!

 

https://www.youtube.com/watch?v=wUiJFR7XRtM

Anonymous ID: 62e50d Nov. 30, 2023, 12:05 p.m. No.20004517   🗄️.is 🔗kun   >>4522

What Are Fannie Mae and Freddie Mac?

Fannie and Freddie are companies that buy mortgages from lenders to free up cash for new loans.

 

Fannie Mae and Freddie Mac were established by the U.S. government for different purposes. Fannie was created in 1938 during the Great Depression to provide access to loan funds on reasonable terms after defaults had drained funding for new mortgages. Freddie came in 1970 to expand the nation's secondary mortgage market, where lenders and investors buy and sell mortgages and their servicing rights.

 

Fannie Mae and Freddie Mac are government-sponsored enterprises, organizations that help bring capital to the U.S. housing market. The names Fannie Mae and Freddie Mac are simply creative takes on the acronyms for these companies, FNMA for the Federal National Mortgage Association and FHLM for the Federal Home Loan Mortgage Corp., respectively.

 

These federally chartered, privately owned corporations are regulated by the Federal Housing Finance Agency and aim to provide liquidity, stability and affordability to the market in all economic conditions. They accomplish this by purchasing home loans from banks, bundling those loans and then selling them to investors, which enables banks to finance more mortgages.

 

A loan that meets the requirements to be purchased by Fannie Mae or Freddie Mac may also be called a conforming loan.

 

https://money.usnews.com/loans/mortgages/articles/what-is-fannie-mae

 

The Gold Standard became the 30 Year Mortgage Standard