Main Loan Types
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Fannie Mae :: Freddie Mac
Fannie Mae
Fannie Mae is the most common name of the Federal National Mortgage Association. Fannie Mae is a congressionally chartered, shareholder - owned company that buys mortgages from lenders and resells them as securities on the secondary mortgage market.
Freddie Mac
Freddie Mac is the most common name for the Federal Home Loan Mortgage Corporation. Freddie Mac does not make home loans directly to consumers, rather they buy mortgages from lenders and sell them as securities on the secondary mortgage market.