ForeclosureA court process where possessions mortgaged given that protection getting an effective mortgage is sold to spend new defaulting borrower’s loans

Federal Home loan Mortgage Company – FHLMC (Freddie Mac computer)A stockholder-had enterprise developed by Congress that commands antique mortgages from the secondary financial markets of covered depository institutions and you will HUD-acknowledged mortgage lenders. They sells involvement conversion process permits covered from the swimming pools of traditional financial fund, their dominating, and you will attention guaranteed by federal government from the FHLMC. In addition, it carries Government National Home loan Association (GNMA, or “Ginnie Mae”)…

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