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The Fannie Mae bank was established in 1964. The main purpose of the bank is to help low, moderate and middle - income families to buy new homes. Fannie Mae bank is formed by the United States Federal Government the Federal National Mortgage Association. This bank buys mortgages on the secondary market, pools them and sells them as mortgage-backed securities to investors in open market.
Fannie Mae Mortgage
January 30, 2007 09:23:24 PM
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