The amount of money you can borrow using a tradition loan backed by government lenders Freddie Mac and Fannie Mae has hit $1 million for the first time in the programs history. As reported in this article from The Daily Mail, Fannie Mae and Freddie Mac have always had a ceiling in place regarding the value of home loans they …
Who Exactly Are Fannie Mae and Freddie Mac?
If you have ever purchased a home, you have likely heard the names Fannie Mae and Freddie Mac mentioned several times. These two names are some of the most important in the real estate world, but have you ever wondered what the meaning is behind these names that have shaped the housing market in such a manner? These government-sponsored entities …