Banks and credit unions are watching intently as the federal government discusses winding down Fannie Mae and Freddie Mac, since it could become a huge game changer in the way Americans buy homes.
The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation are government-sponsored enterprises (GSEs) with publicly traded stock that enjoy an implied guarantee on the value of its mortgages from the federal government. The entities purchase loans from originators,…
Banks and credit unions are watching intently as the federal government discusses winding down Fannie Mae and Freddie Mac, since it could become a huge game changer in the way Americans buy homes.
The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation are government-sponsored enterprises (GSEs) with publicly traded stock that enjoy an implied guarantee on the value of its mortgages from the federal government. The entities purchase loans from originators,…