![]() ![]() ![]() Lenders use the money from selling mortgages to Fannie Mae and Freddie Mac to originate more loans, which helps individuals, families, and investors access a stable supply of mortgage money.Neither organization originates or services loans but buys mortgages from lenders to hold or repackage as mortgage-backed securities that can be sold.government in 1938 to help boost the mortgage market while Congress chartered Freddie Mac in 1970 as a private company. Fannie Mae was first chartered by the U.S. ![]()
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