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how do Ginnie Mae loans differ from Fannie Mae and Freddie Mac loans?

does Ginnie Mae loans still exist? by jfreedma220 from Columbia, South Carolina. Apr 29th 2019 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Fannie, Freddie and Ginnie are the clearing houses for conforming loans. The buy the loans, block them with other loans, and then sell securities to investors that are backed by the performance on these loan blocks. Fannie and Freddie buy conventional loans.. they have very similar guidelines, but there are some differences. Ginnie Mae purchases government loans.. *"(FHA, VA, USDA, and HECM's (Reverse Mortgages)).. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Apr 29th 2019
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