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Ginnie Mae Web Iis Form

Ginnie Mae Web Iis Form

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thousands of mortgage loans are made to qualified buyers every day a lender may need to replenish its funds sooner than the borrower can pay back the loan that's where Fannie Mae comes in we purchased the loans and give the lender cash in return these are known as whole loan purchases another option the lender sends us a group of loans and we swap them for mortgage-backed securities the lenders can keep the MBS for its portfolio or sell to investors this is the process known as securitization taking a home loan backed by an asset like a house and transforming it into a security let's look at how it works just like any manufacturing process raw materials are combined to make something new in this case information is gathered by the lender to qualify the buyer of each loan and the information about the loan all of that data could be considered the raw material a lot of data more than 90,000 loans go through Fannie Mae securitization systems every month the first step of this process is c

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