Conforming Loans and FNMA / FHLMC? - fnma conforming limits
N Fannin Mae and Freddie Mac guarantee loans * online, or simply buy their lenders?
If the answer is 'buy', are legally obliged to buy conventional loans from banks, or may reject them?
Tuesday, January 5, 2010
Fnma Conforming Limits Conforming Loans And FNMA / FHLMC?
1 comment:
each project is the VA mortgage. VA loans are secured only by real estate loans.
They dont buy all the loans, but only those conversations with their "guidelines". Doc said no, and loans NoRatio Some people do not buy loans.
Loans must be purchased with the strict guidelines of Fannie Mae or Freddie Mac
FHA mortgages can not be guaranteed, since most think of PPL.
PMI guarantee does not protect the borrower. It is there to protect lenders against losses.
Hope this helps
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