What is Fannie Mae?

In Loans - Mortgages - Asked by Admin - 8 months ago

Fannie Mae was set up as a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression. The corporation's purpose is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers.

Answered by Admin - 8 months ago

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What is Fannie Mae?

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