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Fannie Mae's and Freddie Macs
Financial Problems
N. Eric Weiss
Specialist in Financial Economics
August 10, 2012Congressional Research Service
75700
www.crs.gov
RL34661CRS Report for Congress
Prepared
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What is fannie maes and freddie?
Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) that provide liquidity, stability, and affordability to the mortgage market by purchasing and securitizing mortgages.
Who is required to file fannie maes and freddie?
Mortgage lenders, banks, and other financial institutions that originate or service mortgage loans are typically required to file data on Fannie Mae and Freddie Mac loans.
How to fill out fannie maes and freddie?
To fill out the Fannie Mae and Freddie Mac data, lenders and servicers can use the specified file formats provided by the GSEs, upload the necessary loan information, and comply with the respective submission guidelines.
What is the purpose of fannie maes and freddie?
The purpose of Fannie Mae and Freddie Mac is to promote homeownership and provide stability in the secondary mortgage market. They work to make mortgage credit more accessible and affordable for borrowers.
What information must be reported on fannie maes and freddie?
Lenders and servicers are required to report various loan-level data, including borrower information, loan terms, property details, and loan performance data. Specific reporting requirements can be found in the GSEs' guidelines.
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