Resources: Mortgage Lending
Federal National Mortgage Association (Fannie Mae)
Fannie Mae, working with its lender partners, develops and funds mortgages. This Fannie Mae website has an excellent
collection of mortgage calculators and good explanations of different types of loan programs. (Fannie Mae doesn't
make loans directly to home buyers. Instead, it work with mortgage lenders to make sure they have money to lend.)
Federal Home Loan Mortgage Corp (Freddie Mac)
Freddie Mac is a stockholder-owned corporation chartered by Congress in
1970 to create a continuous flow of funds to mortgage lenders in support of
homeownership and rental housing. Freddie Mac purchases mortgages from
lenders and packages them into securities that are sold to investors.
Government National Mortgage Association (Ginnie Mae)
U.S. Department Of Housing And Urban Development (HUD)
This site has good information for consumers, but it is a monstrously big site, and therefore a bit difficult to use.
Mortgage rates from over 1,000 lenders throughout the United States.