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Posted by
anggra21 632 days ago
Financial
To ensure a continuous supply of credit to home buyers, government sponsored agencies such as Fannie Mae, Freddie Mac and Ginnie Mae were chartered to purchase mortgages originated by local banks, provided they satisfy certain size and credit quality requirements.
Mortgages conforming to these requirements are repackaged by these agencies into mortgagebacked securities, and resold in
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