One should know that the two organizations, which are the Fannie Mae and the Freddie Mae, holds the highest percentage of debt mortgages. The percentage limit is not less than 40% and his is just amazing without any doubt. The change can be immense if there is even a slight change in the working of these organizations and this will definitely affect the economy of the whole world. As far as one more organization is concerned, one will definitely find that Genie Mae also plays an important role in the economy of the whole world. Fannie Mae definitely affects the economy of the country and without any doubt; it is a major player in the field of economics and the real estate market. We all know Fannie Mae as one of the organization that played a significant role in fighting with the economic crisis in the year 1934.
There is no doubt at all that the economics of this country is running quite well and majority of the economist cannot just discard its importance. It is important to know that mortgages during the depression remained unpaid but the involvement of this organization has definitely changed the whole scenery. As far as head quarter of the organization is concerned, it is situated in Washington DC and the whole working is being managed from the head quarter.
It is the time to find out the details about the process how this organization works and how it makes profit. There is no doubt at all that this one is a government-sponsored enterprise and people should know that it is for the betterment of those Americans whose income is less and who come under the middle class category so that they can buy the houses at ease and afford it all the time. Through first time home buyer loans, fannie mae bailout, proper fannie mae guidelines as well as home loans for first time buyers, it has changed the total complexion of the society. There is no doubt at all that all the money related to the mortgages definitely need the surplus low and hence this was done through this organization and it lead to the formation of the secondary mortgage market.
This company works under the congressional charter of the country and great amount of liquidity to the mortgage money and it has been the reason for the suppression of the economic crisis as far as the United States is concerned. The total turnover of the organization has already been discussed and there is no doubt at all that it needs more discussion definitely. The organization has fixed process for working and it buys the small mortgages from the lenders and keeps the small percentage of the total interest, which is being paid by the mortgage holders.
The total amount of the interest being paid by the mortgage holders is in trillions and hence one can easily understand that even the small percentage of the interest will come out to be a very heavy amount thus making the treasury of the organization, a very heavy one. Taking into consideration the percentage one will definitely find that it is around 0.02 to 0.04 percent and this definitely lead to a very heavy amount because of which this organization is one of the richest organization in the whole world.
Because of many reason being discussed out here, It has been found that Fannie Mae is one of the leading organizations and it has made the dream come true for many middle class people as well as the low-income people.
Author Resource:
Click below to research some additional information related to:
- first time home buyer loans - home loans for first time buyers
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")