Response to Elizabeth and Wayne.docx - Surname 1 Student's...

This preview shows page 1 - 3 out of 3 pages.

Surname 1 Student's name Instructor's name Course Date Response to Elizabeth Awesome work Elizabeth!!!! In your post, I definitely concur with you that Fannie Mae is a government-sponsored entity that provides instant access to funds on favorable terms to local banks, loans and mortgage firms that in return lends money to finance home ownership thereby serves a public mission. With the company's corporate governance made up of 9 members of which, 3 are appointed by the USA president, Fannie Mae has formulated specific rules that are strictly followed by both the lender and the borrower to ensure that the responsibilities of the lender and the eligibility of the borrower are precisely met. Moreover, with consistent changes in economic conditions, the company has tightened its underwriting standards with the help of underwriting tools such as servicing management tools to ensure that lending and borrowing is carried out in an honest and fair manner (Ventolo & Martha, 13). Response to Wayne Hey Wayne!!!!! Founded in 1987 by an act of Congress due to consistent decline in

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture