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Old 07-18-2008, 12:23 AM
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Default fannie mae and freddy mac?
please explain in very simple terms:

how they make money?
what they have to do with mortgage?
are they related?
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Old 07-18-2008, 12:37 AM
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Default Re: fannie mae and freddy mac?
they buy mortgages in the secondary market in order to make some originators liquid. they buy payments and make money on interest rates. that is about as brief as it can get.
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