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FANNIE MAE...Federal National Mortgage Association !!!
  The U.S. has the most dynamic residential mortgage and realestate industry in the world. It's a fact; and Fannie Mae is one of the reasons for this fact. Americans have access to billions of dollars of private financing. This supply of funds allow americans to buy homes and to keep the interest rates lower. With over $400 billion in assets plus another $700 billion in outstanding mortgage-backed securities, Fannie Mae was the largest private corporation in America. Now it was chartered by the U.S. Congress and regulated by the federal government, Fannie Mae is a officially private corporation. Fannie Mae--along with Freddie Mac (Federal Home Loan Mortgage Corporation, FHLMC) in this and many respects, including its goals: both are directed to increase the availability, accessibility and affordability of mortgage financing for low-income and middle-income consumers. They both accomplish this task by creating a bridge between the primary mortgage market of lenders and borrowers and the secondary mortgage market of financial investors.
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This is one of my favorite images
This is my good friend Hal. I took this picture on his birthday. I think he likes to be in pictures. |
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FREDDIE MAC...Federal Home Loan Mortgage Corporation !!!
The Federal Home Loan Mortgage Corporation(FHLMC)--better known as Freddie Mac--is one of the primary agencies responsible for bridging the primart mortgage market with the secondary market. Now collectively, Freddie Mac, Fannie Mae (FNMA) and Ginnie Mae (GNMA) allow lenders and borrowers in the primary market to access the large pool of investment funds available in the secondary market. They do this by purchasing loans from lenders and selling them as securities on the global financial market. Because of Freddie Mac's work, more Americans are able to obtain more affordable mortgage financing at lower rates. Freddie Mac has lowered some of the risks that lenders must face with mortgage financing, and lowered interest rates for home buyers in the process. 
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GINNIE MAE...Government National Mortgage Association !!!
 The Government National Mortgage Association (GNMA)--better known as Ginnie Mae--is an integral part of the success and effectiveness of the U.S. mortgage industry, particularly with regards to FHA-insured and VA-guaranteed loans. 
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Financing your new home loan online can save you time and money. With information at your fingertips, you can quickly educate yourself about the loan process and compare mortgage lenders to find the best rates. With 24 hour access to mortgage lenders, you can lower your financing costs from the convenience of your home. Educate YourselfEducating yourself about the mortgage financing is one reason to go online. Mortgage lenders provide information about the home loan process, types of mortgages, and factors to consider in buying a new home. Mortgage lenders sell their services through their informative sites, not high pressure sales tactics. Read the rest of this entry » Add your link here
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This is one of my favorite images
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This is one of my favorite images
This is my good friend Hal. I took this picture on his birthday. I think he likes to be in pictures. |
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