The American mortgage

Chapter 1

The birth of the 30-year loan

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Chapter 2

How the money actually flows

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Chapter 3

The invisible giant in the background

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Chapter 4

Navigating your mortgage choices

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YOUR GOAL

Master of The American mortgage

Ch 3 · The invisible giant in the background

Who Holds the House

sloane Who Holds the House

sloane Turning house loans into global investments

sloane The strict rules of conforming loans

sloane What happened in the 2008 crash

sloane Who are Fannie and Freddie

sloane American Mortgage System

Loans get sold! So banks can lend more for your new home!

The strict rules of conforming loans

sloane The strict rules of conforming loans

Fun Fact

Fannie's name: Fannie Mae's name isn't real; it is a phonetic pronunciation of its acronym, FNMA, which stands for Federal National Mortgage Association.

Turning house loans into global investments

sloane Turning house loans into global investments

Quiz

Why did the US government create Fannie Mae in 1938?

Gossip

Should banks be allowed to sell your mortgage to other companies?

Quiz

In what year was Freddie Mac created to compete with Fannie Mae?

Quiz

What is Fannie Mae's official corporate name?

Quiz

What is a mortgage-backed security (MBS)?

Quiz

What major economic event in 2008 was heavily triggered by subprime mortgages?

Quiz

What makes a mortgage conforming?

Quiz

How do local banks get the cash to issue new mortgages today?

Quiz

What is a subprime mortgage?