I Need the Definition of...
97 Mortgage Terms Fully Explained For You
The Federal Home Loan Mortgage Corporation (FHLMC or "Freddie Mac") is a government-sponsored entity that buys certain types of mortgages from banks and uses them to collateralize mortgage-... See More.
Established in 1938, the Federal National Mortgage Association or (Fannie Mae) has the purpose of creating a secondary market for the trading of mortgages. In 1968, Fannie Mae transitioned from... See More.
Because the Government National Mortgage Association guarantees mortgage-back securites and effectively assumes the lending risk involved in the mortgage business, lenders are able to resell GNMA... See More.