The best way Freddie Mac and Fannie Mae work is that they buy loans from accredited mortgage sellers. These loans are traded each for money or mortgage backed securities which guarantee cost of principal and interest. Mortgage sellers in flip can each sell or maintain the securities. These companies also bundle mortgage backed securities from their own portfolios to traders within the secondary mortgage market. To make sure that Fannie Mae and Freddie Mac to ensure their mortgage backed securities they set the lending terms and pointers that determine which mortgage functions will probably be accepted for buy. To simplify … Read the rest
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