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  2. Fannie Mae vs. Freddie Mac: Key Differences - AOL

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

    Fannie Mae's HomeReady program targets buyers who make no more than 80% of the median income in their area. Freddie Mac's Home Possible program permits down payments as small as 3%.

  3. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

  4. 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).

  5. House price index - Wikipedia

    en.wikipedia.org/wiki/House_price_index

    The HPI is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same properties in 363 metropolises. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac since January ...

  6. Freddie Mac, Fannie Mae backing bigger home loans in 2025 - AOL

    www.aol.com/freddie-mac-fannie-mae-backing...

    The conforming loan limit for mortgages backed by Freddie Mac and Fannie Mae will rise by 5.2% next year to over $800,000, the Federal Housing Finance Agency announced Tuesday.

  7. Genius Freddie Mac Tools You Need to Know About

    www.aol.com/genius-freddie-mac-tools-know...

    Freddie Mac is a quasi-governmental organization that plays a key role in the mortgage industry. The full name is Federal Home Loan Mortgage Corporation, and it was created in 1970 as a private ...

  8. Government National Mortgage Association - Wikipedia

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

    Today, Ginnie Mae securities are the only mortgage-backed securities that are backed by the "full faith and credit" guaranty of the United States government, although some have argued that Fannie Mae and Freddie Mac securities are de facto or "effective" beneficiaries of this guarantee after the US government rescued them from insolvency in ...

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

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

    As of 2023, Fannie Mae and Freddie Mac support around 70 percent of the mortgage market, according to the National Association of Realtors. That means the majority of conventional loans, those ...