Mortgage   Everything you need to know about mortgages.

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what is...
FANNIE MAE
A government sponsored enterprise formerly called Federal National Mortgage Association (FNMA) that purchases conventional mortgages in the secondary mortgage market. It also sells and insures securities made up of pools of qualifying mortgages loans.
ALSO SEE: NON-CONFORMING MORTGAGE, CONFORMING MORTGAGE, JUMBO MORTGAGE, FNMA

    Courtesy of the Mortgage Glossary
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