By: Arye Abraham
Fannie Mae and Freddie Mac are an integral part of the secondary mortgage market in the U.S. for a plethora of reasons. They provide the essentials for the secondary mortgage market– liquidity, dependability, and affordability. Fannie Mae and Freddie Mac guarantee prompt payment of principal and interest on mortgages, thereby stimulating the mortgage market and ensuring security of investment within it.
Fannie Mae and Freddie Mac are an integral part of the secondary mortgage market in the U.S. for a plethora of reasons. They provide the essentials for the secondary mortgage market– liquidity, dependability, and affordability. Fannie Mae and Freddie Mac guarantee prompt payment of principal and interest on mortgages, thereby stimulating the mortgage market and ensuring security of investment within it.