Secondary Mortgage Market: The History of Fannie Mae

Secondary Mortgage Market: The History of Fannie Mae

As a result of the last U.S. economic crisis, a lot of people now know a lot more about the secondary mortgage market. Before the crisis, the secondary mortgage market was a mystery to most Americans, and it was only really important to mortgage lenders and secondary market participants and appraisers. Then all of a sudden, with the well-publicized issues surrounding the housing collapse of 2008, Fannie Mae and Freddie Mac and some of their larger clients and the big lenders became household names. Read on to learn about the history of Fannie Mae and what it means for appraisers.

Read More