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What is a Fannie Mae Freddie Mac uniform instrument?

Uniform Instruments are the Fannie Mae/Freddie Mac and Freddie Mac Notes, Riders, and Security Instruments (Deeds of Trust and Mortgages) used when originating Single-Family residential mortgage loans, in all States and U. S. Territories, as identified in the List of Single-Family Uniform Instruments provided on this ...

What is the difference between Fannie Mae and Freddie Mac?

The primary difference between Freddie Mac and Fannie Mae is where they source their mortgages from. Fannie Mae buys mortgages from larger, commercial banks, while Freddie Mac buys them from much smaller banks.

What is the purpose of FNMA?

Fannie Mae and Freddie Mac were created by Congress. They perform an important role in the nation's housing finance system \u2013 to provide liquidity, stability and affordability to the mortgage market.

What is a rider to security instrument?

RIDER TO SECURITY INSTRUMENT LIHTC PROPERTIES. This Rider (\u201cRider\u201d) is attached to and amends the Security Instrument entered into between [Borrower] and [Lender], dated as of [Date] (\u201cSecurity Instrument\u201d).

What is the purpose of Fannie Mae and Freddie Mac?

Fannie Mae and Freddie Mac were created by Congress. They perform an important role in the nation's housing finance system \u2013 to provide liquidity, stability and affordability to the mortgage market.

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