What are Fannie Mae mortgage lenders?

Answer The Federal National Mortgage Association, often referred to as "Fannie Mae," is a government-sponsored stockholder-owned corporation founded by Congress in 1938 to purchase mortgages in the second... Read More »

Top Q&A For: What are Fannie Mae mortgage lenders

How do I know if my mortgage loan is Fannie Mae or Freddy Mac?

Fannie Mae and Freddie Mac own a huge number of loans across the United States. The average homeowner, though, might have little idea if either agency owns the loan. After all, homeowners make out ... Read More »

Who governs mortgage lenders?

The Office of the Comptroller of the Currency oversees national mortgage lenders. These include the major national banks such as Bank of America. The Federal Reserve System governs mortgage lenders... Read More »

Good & Bad Mortgage Lenders?

Buying a house and getting approved for a mortgage loan is a major accomplishment. But too often, a home buyer chooses the wrong lender and gets stuck in a bad loan. Recognizing the signs of a bad ... Read More »

Do Mortgage Lenders Have to Charge PMI?

PMI, or private mortgage insurance, is a type of insurance that mortgage lenders may require in order to guarantee a loan. While many lenders may claim that it is a requirement, it is not mandatory.