Mortgage Glossary
Fannie Mae
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Fannie Mae is a government-sponsored enterprise that buys conforming mortgages from lenders, providing liquidity to the housing market.
What Fannie Mae means
By purchasing loans, Fannie Mae lets lenders make more mortgages. Its guidelines set the standard for conventional conforming loans nationwide.
Florida example
A Florida lender sells a conforming loan to Fannie Mae and uses the proceeds to fund the next borrower. Fannie's rules are why conventional loans across lenders look so similar.
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