Fannie Mae & Freddie Mac Flashcards
(5 cards)
1
Q
Fannie Mae & Freddie Mac are ____-sponsored enterprises
A
government-sponsored
2
Q
Fannie Mae buys ____, ___, and ____ loans
A
conventional, FHA, and VA loans
3
Q
Fannie Mae prefers conforming conventional mortgages from ____ ____ ____
A
large commercial banks
4
Q
Freddie Mac buys conforming conventional mortgage loans from ____ , ____, and _____
A
smaller banks, credit unions, and savings associations
5
Q
Freddie Mac packages conventional loans into ______ _____
A
mortgage-backed securities
