What is actually Fannie mae?
Federal national mortgage association (the Federal national mortgage association or FNMA) try a national-sponsored agency (GSE) created in 1938 to grow brand new liquidity off home loans by carrying out a secondary financial business. Fannie mae usually ranking in the most useful twenty five U.S. organizations of the overall cash.
Because a vacation markets participant, Fannie mae does not give money directly to consumers. As an alternative, it has currency flowing so you’re able to mortgage lenders (e.g., credit unions, regional and you can national financial institutions, thrifts, and other financial institutions) through the buy and you can make sure away from mortgages produced by these companies. Leer Más