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June 06, 2006
Fannie Has Been A Bad Girl
Here's some info on the financing terms "Fannie Mae" and "Freddie Mac".
Fannie and Freddie subsidize the real estate mortgage market by buying mortgage loans originated by banks and other lending institutions. They also package mortgages and sell them to insurance companies, pension funds, and other financial institutions as mortgage-backed securities.
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Posted on June 6, 2006 09:42 AM by Financ81.
Filed in Mortgage Calculator under financing terms.
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