ARTi

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
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Who Holds the House

sloane Who Holds the House

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sloane Turning house loans into global investments

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sloane The strict rules of conforming loans

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sloane What happened in the 2008 crash

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sloane Who are Fannie and Freddie

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sloane American Mortgage System

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

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The strict rules of conforming loans

sloane The strict rules of conforming loans

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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.

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Turning house loans into global investments

sloane Turning house loans into global investments

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Quiz

Why did the US government create Fannie Mae in 1938?

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Gossip

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

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Quiz

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

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Quiz

What is Fannie Mae's official corporate name?

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Quiz

What is a mortgage-backed security (MBS)?

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Quiz

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

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Quiz

What makes a mortgage conforming?

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Quiz

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

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Quiz

What is a subprime mortgage?

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