The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a federally chartered organization established in 1988 to provide a secondary market for farm mortgage loans.
The Federal National Mortgage Association, commonly known as Fannie Mae, is a government-sponsored enterprise (GSE) that enhances the availability of mortgage credit across the United States by purchasing and guaranteeing mortgages issued by lenders.
FNMA, also known as Fannie Mae, is a government-sponsored enterprise (GSE) created to expand the secondary mortgage market by securitizing mortgages, thereby allowing lenders to reinvest their assets into more lending.
Freddie Mac, officially known as the Federal Home Loan Mortgage Corporation (FHLMC), is a government-sponsored enterprise designed to expand the secondary market for mortgages in the United States.
The Government National Mortgage Association (GNMA), commonly known as Ginnie Mae, is a government organization that facilitates housing finance by guaranteeing mortgage-backed securities and supporting low-income housing through loan write-downs.
A Mortgage-Backed Certificate (MBC) is a type of security that is backed by a collection of mortgages. Investors in MBCs receive periodic payments derived from the interest and principal payments made on the underlying mortgages.
The secondary mortgage market is a market for buying and selling mortgages that have already been issued or originated, providing significant liquidity to the mortgage market.
A term used in the secondary mortgage market to distinguish an investment that represents an original residential mortgage loan (whole loan) from a loan representing a participation with one or more lenders or a pass-through security representing a pool of mortgages.
