Glossary Mortage / Term
A private mortgage corporation that began as a government subsidized entity in the late 30s. Today fannie mae, along with freddie mac, is a government sponsored enterprise (gse) and together they are responsible for setting annual conforming loan limits and assuring that most americans are able to finance a home. Fannie mae is commonly known as a secondary mortgage market and lends to mortgage lenders which in turn extend mortgages to borrowers.
Permanent link Fannie Mae - Creation date 2020-07-22