Fannie
Mae is the common name of the Federal National Mortgage
Association. Fannie Mae is a congressionally chartered,
shareholder-owned company that buys mortgages from
lenders and resells them as securities on the secondary
mortgage market.
Before
approving you, Fannie Mae looks at a number of factors including
credit ratings, debt ratio, and employment history. Loans that
are approved via Fannie Mae should qualify for a better rate.
