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  2. Conforming loan - Wikipedia

    en.wikipedia.org/wiki/Conforming_loan

    The new Jumbo-Conforming program was adopted by Fannie Mae and Freddie Mac effective from April 1, 2008 until December 31, 2010. [6] The bill was signed into law by President Bush on February 13, 2008, [ 7 ] but the new rates were not being honored by any lenders (as of March 30, 2015).

  3. Fannie Mae - Wikipedia

    en.wikipedia.org/wiki/Fannie_Mae

    Fannie Mae buys loans from approved mortgage sellers and securitizes them; it then sells the resultant mortgage-backed security to investors in the secondary mortgage market, along with a guarantee that the stated principal and interest payments will be timely passed through to the investor. [citation needed].

  4. Power of attorney - Wikipedia

    en.wikipedia.org/wiki/Power_of_attorney

    A power of attorney may be: special (also called limited), general, or temporary. A special power of attorney is one that is limited to a specified act or type of act. A general power of attorney is one that allows the agent to make all personal and business decisions [9] [10] A temporary power of attorney is one with a limited time frame. [11]

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

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

    Both Fannie Mae and Freddie Mac played a role in the financial crisis by backing subprime mortgages, and when the housing bubble burst, they faced large losses and required government bailouts ...

  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. Experts: Making mortgage giants private could help some ... - AOL

    www.aol.com/finance/experts-making-mortgage...

    Fannie Mae and Freddie Mac, the two government-sponsored enterprises that underpin the U.S. mortgage market, have been under federal conservatorship since 2008. A renewed effort to take them ...

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