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Multistate Construction Loan Agreement Form 3735 Fannie Mae

Multistate Construction Loan Agreement Form 3735 Fannie Mae

Use a Multistate Construction Loan Agreement Form 3735 Fannie Mae template to make your document workflow more streamlined.

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Instructions and help about Multistate Construction Loan Agreement Form 3735 Fannie Mae

[Music] hi this is Joe from prep agent and today we're talking about Fannie Mae Fannie Mae is the nickname federal National Board Association Fannie Mae was established in 1938 in 1968 Fannie Mae cease to exist as a government entity and became a quasi-governmental federally chartered corporation in order to buy mortgages other than those insured by the Federal Housing Administration otherwise known as the FHA Fannie Mae's purpose is to create a secondary market for the purchase and sale of mortgages the secondary market is where home loans and servicing rights are bought and sold between lenders and investors most home loans in the US are eventually sold to the secondary mortgage market the secondary market exists because the bank has used their own funds to make a loan they'll eventually run out of money to loan so they will sell loan to the secondary market to replenish the money that is available so they can make more home loans often these loans are sold to

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