You may be wondering: “What’s with these names?” And trust me, you’re not alone. By backing and securing home mortgage loans, they help make homeownership more accessible. These private companies are often referred to as “secondary market lenders” that back loans and set regulations and guidelines. In short, Fannie Mae, Ginnie Mae, and Freddie Mac are all government-sponsored mortgage companies. These names may sound like someone’s southern grandparents, but to homebuyers they are much more.
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