Are you on the exciting journey of acquiring your dream home? Navigating the intricate world of mortgage lending requires insight into the essential 4 C’s:
Are you ready to cast your line or set sail on the crystal blue waters of Florida’s Space Coast? Brevard County, Florida, offers some of
When it comes to homeownership, understanding how your credit score influences your ability to secure a mortgage is essential. Your credit score plays a pivotal
If you’re a veteran or active-duty service member looking to buy a home with a VA loan, you need a Certificate of Eligibility (COE) to prove your eligibility. In this guide, Morgan Financial explains what a COE is, why it’s important, and how to obtain one.
What are Fannie Mae and Freddie Mac?
No they aren’t actual people. Fannie Mae is also known as the Federal National Mortgage Association and Freddie Mac is just another name for the Federal Home Loan Mortgage Association.
Fannie Mae and Freddie Mac are government-sponsored enterprises. This shareholder-owned corporation was created by Congress in 1938 to provide stability, liquidity and affordability in the mortgage market as part of President Roosevelt’s New Deal. They are now our nation’s largest purchaser of home mortgages.
Basically, Fannie and Freddie purchase Mortgages from lenders, so that the lenders have more money to lend out. They then securitize the loans and sell them as mortgage backed securities to investors.
Veterans Day: a federal holiday in November where Americans celebrate the brave men and women of our armed forces. It is a time to remember
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Unpleasant experiences in the past with ineffective lenders have left many people with a sour taste in their mouth when they consider finding a mortgage.
