Are Fannie Mae& Freddie Mac the same as a FHA or HUD loan?

Answer No, they are different types of mortgages. Fannie Mae and Freddie Mac underwrite conventional mortgages. U.S. Department of Housing and Urban Development (HUD) underwrites Federal Housing Administr... Read More »

Top Q&A For: Are Fannie Mae& Freddie Mac the same as a FHA o...

How to Buy Foreclosures from Fannie Mae and Freddie Mac?

Fannie Mae and Freddie Mac are mentioned a lot in the news, but you’re rarely provided with an explanation of what exactly these companies are. They stand for Federal National Mortgage Associatio... Read More »

How much money did Senator Obama get from Fannie Mae& Freddie Mac?

President Barack Obama collected $122,850 from Fannie Mae and Freddie Mac while a member of the U.S. Senate, according to a 2008 report by the Center for Responsive Politics. This amount included $... Read More »

Is a Fannie Mae loan a conventional loan?

Fannie Mae, a federally appointed enterprise that works with the secondary mortgage market, is not a direct lender, but instead works in a partnership with mortgage bankers and brokers, as well as ... Read More »

Is fannie mae a fha loan?

Fannie Mae (FNMA) is a conventional lending association that sets guidelines for lenders to lend mortgage money without the benefit of government insurance for the lender if the borrower defaults. ... Read More »