How do fannie mae loans work?

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Mariano Hessel asked a question: How do fannie mae loans work?
Asked By: Mariano Hessel
Date created: Thu, Jan 21, 2021 4:27 PM
Date updated: Wed, Jun 22, 2022 4:16 PM

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Top best answers to the question «How do fannie mae loans work»

Once the loan closes, Fannie Mae buys loans that meet its requirements from lenders. These conventional mortgages are guaranteed by Fannie Mae, meaning they'll make investors whole if the borrower goes into default. They package these loans into MBS before selling them on the open bond market to investors.

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