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The two also offer different loan programs. Fannie Mae's HomeReady program targets buyers who make no more than 80% of the median income in their area. Freddie Mac's Home Possible program permits ...
Fannie Mae and Freddie Mac also have slightly different requirements for the mortgages they purchase. In both cases, Fannie and Freddie loans must be conforming loans , or adhere to these ...
Fannie Mae and Freddie Mac support about 70 percent of the mortgage market and are two of the biggest purchasers in the secondary mortgage market, according to the National Association of Realtors.
In testimony before the House and Senate Banking Committee in 2004, Alan Greenspan expressed the belief that Fannie Mae's (weak) financial position was the result of markets believing that the U.S. Government would never allow Fannie Mae (or Freddie Mac) to fail. [70] Fannie Mae and Freddie Mac were allowed to hold less capital than normal ...
Fannie Mae's Reston, Virginia, facility. The GSE business model has outperformed any other real estate business throughout its existence. According to the Annual Report to Congress, [13] filed by the Federal Housing Finance Agency, over a span of 37 years, from 1971 through 2007, Fannie Mae's average annual loss rate on its mortgage book was about four basis points.
Freddie Mac was named one of the Best Places to Work for LGBTQ Equality in Human Rights Campaign's 2018 Corporate Equality Index [52] Freddie Mac was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine. Freddie Mac was ranked number 50 in the Fortune 500's 2007 rankings. [53]
Freddie Mac and Fannie Mae both play a central role in the US housing market by purchasing mortgages from lenders and repackaging them as securities. Both fell under government control during the ...
For a list of articles discussing the Federal Home Loan Bank System, Fannie Mae, and Freddie Mac, see Fannie Mae and Freddie Mac: A Bibliography. Susan M. Hoffman and Mark K. Cassell, eds. Mission Expansion in the Federal Home Loan Bank System (State University of New York Press; 2010) 208 pages; Thomson, James B. and Matthew Koepke.