What’s the Difference between Fannie mae and you may Freddie Mac?
- Visit the Federal national mortgage association Financing Lookup unit or even the Freddie Mac computer Financing Search-Up product to their particular other sites.
- Enter into your own advice, just like your label, address and history four digits of your own Societal Security number to confirm the name.
- Proceed with the tips to see if your own home loan are possessed or supported by Federal national mortgage association otherwise Freddie Mac computer.
If your mortgage is actually possessed otherwise backed by Fannie mae or Freddie Mac computer, your s, eg mortgage adjustment or refinancing choice, so it is crucial that you discover and that entity holds your mortgage.
While Fannie mae and you may Freddie Mac computer has actually comparable providers patterns and you may operate in a comparable business, there are key differences when considering both entities:
1. Record and you can Objective
Fannie mae and you can Freddie Mac computer features equivalent records and you can objectives, just like the one another was basically based of the Congress just like the GSEs to include liquidity and you may stability towards the U.S. housing industry. Although not, you will find several differences in their histories and missions.
Federal national payday loans Silverton mortgage association is established in 1938 within Chairman Franklin D. Roosevelt’s The Deal to help would inexpensive housing choices for People in the us. The business are originally an integral part of the us government but try later privatized within the 1968. (más…)