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2. What is a gift letter for a mortgage? - AOL

   www.aol.com/finance/gift-letter-mortgage...

   A mortgage gift letter is a document that helps satisfy the requirement that a borrower’s down payment funds come from legitimate sources. The letter involves the giver verifying, in writing ...

3. Government National Mortgage Association - Wikipedia

   en.wikipedia.org/wiki/Government_National...

   Ginnie Mae is similar to Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) with the difference being that Ginnie Mae is a wholly owned government corporation whereas Fannie Mae and Freddie Mac are "government-sponsored enterprises" (GSEs), which are federally chartered corporations ...

4. Fannie Mae - Wikipedia

   en.wikipedia.org/wiki/Fannie_Mae

   Fannie Mae created a liquid secondary mortgage market and thereby made it possible for banks and other loan originators to issue more housing loans, primarily by buying Federal Housing Administration (FHA) insured mortgages. [11] For the first thirty years following its inception, Fannie Mae held a monopoly over the secondary mortgage market. [10]

5. Verification of employment - Wikipedia

   en.wikipedia.org/wiki/Verification_of_employment

   Verification of Income and Employment (VOIE) is a process [1] used by banks and mortgage lenders in the United States to review the employment history of a borrower, [2] to determine the borrower's job stability and cross-reference income history with that stated on the Uniform Residential Loan Application (Form 1003).

6. What is Fannie Mae? All about America’s big mortgage ... - AOL

   www.aol.com/finance/fannie-mae-america-big...

   An FNMA loan, aka a conforming loan or Fannie Mae-backed mortgage, is a loan or mortgage that has been sold to the Federal National Mortgage Association (FNMA, or Fannie Mae) — or one that meets ...

7. Ginnie Mae vs. Fannie Mae: Key Differences - AOL

   www.aol.com/finance/ginnie-mae-vs-fannie-mae...

   Ginnie Mae and Fannie Mae are both key players in the home mortgage business. The two organizations help make home loans available and affordable by increasing lenders' access to funds through the ...

8. Uniform Residential Appraisal Report - Wikipedia

   en.wikipedia.org/wiki/Uniform_Residential...

   The most current incarnation of the URAR is the Fannie Mae Form 1004 [1] updated for March 2005. It is considered a full appraisal with all three approaches to value, cost approach, sales comparison approach, and income approach. [2]

9. Fannie Mae vs. Freddie Mac: What’s the difference? - AOL

   www.aol.com/finance/fannie-mae-vs-freddie-mac...

   Similarities. Description. Creation and structure. Created by Congress in 1938 (Fannie Mae) and 1970 (Freddie Mac) to address issues in the housing market.