![]() ![]() The main difference between them is that Fannie Mae buys mortgage loans from major retail or commercial banks, while Freddie Mac obtains its loans from smaller banks. ![]() Fannie Mae and Freddie Mac are both publicly traded GSEs.The role of Freddie Mac is to buy a large number of loans from mortgage lenders, then combine them and sell them as mortgage-backed securities.Freddie Mac is a stockholder-owned, government-sponsored enterprise (GSE) chartered by Congress in 1970 in support of homeownership for middle-income Americans.Freddie Mac is the officially recognized nickname for the Federal Home Loan Mortgage Corp. ![]()
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