Who is Fannie Mae anyhow?
Related Posts: Credit & Finance, Government, Real Estate News
hiFannie Mae was created in 1938, under President Franklin D. Roosevelt, at a time when millions of families could not become homeowners, or risked losing their homes, for lack of a consistent supply of mortgage funds across America.
Fannie Mae provides stability, liquidity, and affordability to the nation’s housing finance system under all economic conditions. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market.
Fannie Mae has a federal charter and operates in America’s secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America.
Find out more at http://www.fanniemae.com/index.jhtml how they effect the Florida Real Estate Market!
Are they helping or hurting!