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Freddie Mac. The Federal Home Loan Mortgage Corporation ( FHLMC ), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia. [ 3][ 4] The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with its sister organization, the Federal National ...
The present Chief Executive Officers (CEOs) of both Fannie Mae and Freddie Mac have been dismissed but will stay on to help with the transition. Appointed as CEOs are Herbert M. Allison for Fannie Mae and David M. Moffett for Freddie Mac. Allison is a former vice chairman of Merrill Lynch and, for the last eight years, chairman of TIAA-CREF.
The Government National Mortgage Association ( GNMA ), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). [ 1] It was founded in 1968 and works to expand affordable housing by guaranteeing housing loans ( mortgages) thereby lowering financing ...
Loan sourcing. Although both do buy mortgages, each GSE purchases loans from different sources. In general, Fannie Mae tends to buy loans from larger commercial banks and mortgage lenders, whereas ...
Fannie Mae and Freddie Mac are government-sponsored enterprises that buy and sell home loans on the secondary mortgage markets. The two help make affordable financing available to home buyers by ...
In a move designed to make home ownership accessible to a greater number of Americans, mortgage companies Fannie Mae and Freddie Mac will raise the limits of government-backed loans to a record ...
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