Month: May 2021

Fannie Mae and Freddie Mac: The Breakdown

Explains the purpose of Fannie Mae and Freddie Mac, as well as their contribution to the financial crisis in 2008

Why Are Fannie Mae & Freddie Mac Important? – Real Estate Tips

Explains how banks sell mortgage loans to Fannie Mae and Freddie Mac in order to have enough cash to continue making loans. Also explains how the mistakes of Fannie Mae and Freddie Mac contributed to the 2008 – 2009 financial crisis. Recommends more check

Jumbo vs. Conventional Mortgage

Defines three different types of mortgages based on how large the mortgage is