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EXECUTION VERSIONCOLLATERAL ADMINISTRATION AGREEMENT dated as of May 22, 2024, among FREDDIE MAC MSC TRUST MN8, as Trust, FEDERAL HOME LOAN MORTGAGE CORPORATION, and U.S. BANK TRUST COMPANY, NATIONAL
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What is fannie mae and freddie?
Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises that provide liquidity, stability, and affordability to the U.S. housing market by purchasing and guaranteeing mortgages.
Who is required to file fannie mae and freddie?
Mortgage lenders and servicers that sell loans to Fannie Mae and Freddie Mac are required to file information regarding those loans, as part of their participation in the secondary mortgage market.
How to fill out fannie mae and freddie?
To fill out Fannie Mae and Freddie Mac forms, lenders must collect the required loan information, complete the appropriate application forms according to the guidelines provided by each entity, and submit them electronically through their respective systems.
What is the purpose of fannie mae and freddie?
The purpose of Fannie Mae and Freddie Mac is to promote homeownership by providing guarantees for mortgages and ensuring that mortgage funds are available to borrowers, thereby enhancing access to affordable housing.
What information must be reported on fannie mae and freddie?
Lenders must report various information including the borrower's details, loan amount, property address, loan type, interest rate, and loan status on Fannie Mae and Freddie Mac filings.
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