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Simple English definitions for legal terms

Federal National Mortgage Association

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A quick definition of Federal National Mortgage Association:

Federal National Mortgage Association (FNMA), also known as Fannie Mae, is a company that helps people buy and sell mortgages. It is owned by private individuals but is regulated by the United States government. FNMA provides a place where people can buy and sell mortgages that are guaranteed by the Veterans Administration or insured under the Federal Housing Administration. This helps make it easier for people to get a mortgage and for banks to lend money for mortgages.

A more thorough explanation:

The Federal National Mortgage Association, also known as Fannie Mae, is a corporation that is privately owned and managed but is chartered by the U.S. government. Its main purpose is to provide a secondary mortgage market for the purchase and sale of mortgages that are guaranteed by the Veterans Administration and those insured under the Federal Housing Administration.

For example, if a bank lends money to a homebuyer and that loan is guaranteed by the Veterans Administration, the bank can sell that loan to Fannie Mae. Fannie Mae then packages that loan with other loans and sells them to investors as mortgage-backed securities. This allows the bank to free up capital to make more loans, while investors can earn a return on their investment.

Fannie Mae plays an important role in the housing market by providing liquidity to the mortgage market, which helps to keep interest rates low and makes it easier for people to buy homes.

Federal Motor Carrier Safety Administration | Federal Parent Locator Service

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shaquilleoatmeal
17:58
@babycat: how many essays do you have to finish? Can catch up another night cause thats priority for you rn
babycat
17:58
@shaquilleoatmeal: I did my main one for today what’s the story?
"****** from my city couldn't entertain old boy, Promisin' bank transactions and even bitcoin, I never peaced it up that **** don't sit well with me, Before I take a truce, I'll take 'em to Hell with me" is a good one too
shaquilleoatmeal
18:00
hes so sneaky with it, like if you honestly don't listen for it, you miss it
100%
shaquilleoatmeal
18:00
you want the long or short story ?
WorthlessAttractiveZombie
18:01
So no GULC, eh?
babycat
18:06
long story. we can go to off topic
no gtown still ?
babycat
18:06
she must’ve had weird vibes if it’s a long story
Kittencattigermeow
18:08
does anyone know what issues UNH is facing?
guys i just spent $200 on groceries. joe biden why did you do this to me
will trump make eggs cheap again
BulbasaurNoLikeCardio
18:10
I spent $600 on a custom AR10 upper in September and just got called and told they now may not ship it until fucking January. Trump needs to make my ship shit faster.
18:10
They making food more expensive so less fats
18:10
trust
babycat
18:11
RFK future
18:12
You need to perform Kennedy Presidential Fitness Test to graduate law school
18:12
Over/under on t14 students
18:12
70%?
18:12
20?
18:13
Babycat are you drinking the chemical waters
BulbasaurNoLikeCardio
18:13
Told them this is ridiculous and they took $140 off so my patience has been bought. Now I need to find another distraction from this shitty teacher
18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
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