What’s The Difference Between Fannie Mae and Freddie Mac?

[fa icon="calendar'] Apr 4, 2017 5:24:55 PM / by Eustis Mortgage posted in mortgage news, fannie mae, freddie mac

[fa icon="comment"] 0 Comments

For decades, the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) have piloted the mortgage industry for the average homebuyer. Although the two government-sponsored organizations do not actually make the loans, they play a significant role in mortgage acquisition by purchasing the loans from private mortgage lenders.

Read More [fa icon="long-arrow-right"]

What Is Fannie Mae Form 1003? Here’s What You Need To Know

[fa icon="calendar'] Mar 24, 2017 10:50:42 AM / by Eustis Mortgage posted in mortgage news, fannie mae

[fa icon="comment"] 1 Comment

Fannie Mae Form 1003, also known as the Uniform Residential Loan Application (URLA), is a loan application form used by lenders to acquire the details of a borrower’s financial and personal information. According to Fannie Mae and Freddie Mac, creators of Form 1003, the document is meant for borrowers seeking a loan for one to four units of residential real estate and should be submitted to the lender twice throughout the loan process.

Read More [fa icon="long-arrow-right"]

Subscribe to Email Updates

Lists by Topic

see all

Posts by Topic

see all