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Who is Fannie Mae?

Fannie Mae is a congressionally chartered secondary-mortgage market company that buys loans from private lenders. Because the firm is so big and has been involved in purchasing packages of loans from lenders for 25 years, it has enormous influence on the mortgage market. For more information, call Fannie Mae at (800) 732-6643.
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Last Updated ( Thursday, 04 September 2008 )
 
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