![]() ![]() ![]() The crisis had wreaked havoc on the housing market, and leaders wanted to increase funding for home buying and make homeownership more affordable and accessible. This keeps money flowing back into lending institutions so they have plenty of funding on hand to write more mortgages and help more people buy homes.įannie Mae was chartered by Congress in 1938 during the Great Depression. ![]() Instead, they buy mortgage loans from the banks and financial institutions that originate them. But they don’t lend money to individuals. How Fannie Mae and Freddie Mac Help You Get a Mortgageįannie Mae and Freddie Mac exist to support the U.S. ![]() Fannie Mae and Freddie Mac do this by purchasing mortgages from lenders, packaging them into securities, and selling the securities to investors. If you want a home mortgage loan and you can afford it, usually you’ll have no trouble finding one.Ĭommonly referred to as Fannie and Freddie, these two companies were chartered by Congress to support the U.S home finance system. The market for mortgages in the United States is highly liquid and very stable, thanks to Fannie Mae and Freddie Mac. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |