Because Federal national mortgage association and Freddie Mac constantly purchase mortgages out of banking companies and you will financial people, lenders has actually a reliable bucks origin to save and also make fund in order to the brand new individuals. Lenders are incentivized provide non-risky mortgage points, particularly much time-title, fixed-rate mortgages, as they understand Federal national mortgage association and you will Freddie Mac will most likely purchase them.

Loan Changes or any other Foreclosure Exercise Choices

For those who have a fannie mae otherwise Freddie Mac financing, are receiving issues spending their home loan, otherwise try up against a foreclosures, some workout choices are potentially available.