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.
