created by congress to promote an active secondary market for home mortgages, fannie mae and freddie mac purchase loans that meet specific underwriting standards such as loan size, documentation, and payment to income ratio. the loans that fannie mae and freddie mac are eligible to purchase are commonly referred to as:

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01-12-2022
Business

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created by congress to promote an active secondary market for home mortgages, fannie mae and freddie mac purchase loans that meet specific underwriting standards such as loan size, documentation, and payment to income ratio. the loans that fannie mae and freddie mac are eligible to purchase are commonly referred to as:

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Qwclear Qwclear · Answer 1 · 2022-12-05T16:52:42+01:00

The loans that Fannie Mae and Freddie Mac are eligible to purchase are commonly referred to as Conforming Conventional Loans.

An individual takes loans when he is in need of money for some work like buying house, educational purposes, etc. Loans are given by banks to the borrowers at some interest rates. The Conforming Conventions loans are the most common type of loans that are present in the market. These loans are beneficial for both the investors and the borrowers as they relieve the borrower from the mortgages while taking the housing loan. Conforming lenders or investors funds these type of loans to Fannie Mae and Freddie Mac and after this the loans are sold in open market to the available borrowers. The interest rates on these types of loans are also very low and they abide by government guidelines.

Learn more about Conforming loans at:

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