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Who's Fannie Mae, you wonder? Well, yes, our name does sound like it
belongs to that lady across the street. And no, our company probably
isn't a household name for most Americans. But the fact is, most
Americans, at one time or another, have lived in a home we helped
finance. You see, for over 60 years now, Fannie Mae has been working
with mortgage lenders, real estate sales professionals, and others to
help make the dream of owning a home come true for millions of
families like yours. That's what we're in business to do -- to lower
the cost of housing throughout the nation and put homeownership within
reach for average Americans. And that makes a big difference, too. For
example, if you got a Fannie Mae mortgage in 1998, you'll pay up to
$26,000 less in interest costs over the life of your loan. Since we're
the largest source of mortgage funds in the nation -- financing one in
every four home loans in 1998 -- that means a lot of people
are saving a lot of money thanks to Fannie Mae.
There's always more we can do, though. So we're constantly looking for
new ways to serve more Americans and lower the cost it takes to buy a
home. We've developed things like automated underwriting to help all
creditworthy borrowers get their loans faster and easier than ever
before. We create new mortgage products to give people just the right
type of loan they need for buying or remodeling a home, or tapping the
equity they've accumulated over the years. We work with community
leaders, elected officials and housing advocates in cities and towns
all over America to address unique housing and community development
challenges. And we're determined to make sure everyone who would like
to own a home has the necessary information and knows what it takes to
make that dream a reality.
That's why we're delighted you've found your way to Homepath.com, and
hope you find the wealth of information on this site helpful. And if
you're still curious about Fannie Mae, you can check us out at
Fanniemae.com.
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