| The federal government of the United States created the Federal National Mortgage Association (FNMA) american equity underwriter FNM), commonly known as Fannie Mae, in 1938 to establish a secondary market for mortgages insured by the Federal Housing Administration (FHA). Fannie Mae buys mortgages on the secondary market, pools them and sells them as mortgage-backed securities to investors on the open market. This secondary mortgage market helps to replenish the supply of american equity underwriter money for mortgages and ensures that money continues |
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