Indy Mac, Freddie Mac, Fannie Mae ????? - Posted by Susie-PA

Posted by Ed Garcia on October 28, 2000 at 22:13:25:

Susie,

Indy Mac, is a lender. Fannie Mae and Freddie Mac, are acronymic nicknames for Federal National Mortgage Association. This is a quasi-public agency converted into a private corporation whose primary function is to buy and sell FHA and VA mortgages in the secondary market. Freddie Mac aka Federal Home Loan Mortgage Corporation: An affiliate of the Federal Home Loan Bank which creates a secondary money market in conventional residential loans and in FHA and VA loans by purchasing mortgages from members of the Federal Reserve System and the Federal Home Loan Bank System.

Ed Garcia

Indy Mac, Freddie Mac, Fannie Mae ??? - Posted by Susie-PA

Posted by Susie-PA on October 27, 2000 at 21:53:59:

Where do you find these loans in PA.

Susie