Fannie Mae and Freddie Mac are grantors of 50 percent of mortgages that are active here in the United States. If you think about number wise there is roughly about $10 trillion of dollars in mortgages out there. Fannie Mae and Freddie Mac are about $5.5 trillion dollars’ worth of mortgages that they grantee. When the crash happen in 2008 they encounter difficulties and our federal government had to take over and back stop them, they provided money to them to keep them going. But effectively they created it for us citizens to have a stable continuous mortgage market. With the bailout that happen with the mortgage industry Fannie and Freddie got $190 billion of dollars over the crash time. Stay tune to hear more!
Thanks for watching!
Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news!
Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now!
Call Harvey for all of your Real Estate needs: (702) 203-1165.
Check out radio show website: https://lvrealestateradio.com/
Check out real estate website: https://brownblankfeld.com/
Direct: 702-324-1683 NMLS# 552596 6180 Brent Thurman Way, Ste a260, Las Vegas, NV 89148 ©2019 Axia Home Loans is a Registered Trade Name of Axia Financial, LLC – NMLS ID 27830 1120 112th Ave NE, Suite 600, Bellevue, WA 98004, (855) 355-2942. Equal housing Opportunity Logo