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What the Heck is with those crazy- hillbilly names of mortgage companies- Fannie Mae and Freddy Mac?
Doesn't it sound like the couple in pawdunk kentucky that ran the gas station and pawn shop decided to lend money out to people to buy donkeys and such and ended up selling mortgages too? WHAT IS WITH THE NAMES?
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- CrazeddogladyLv 71 decade agoFavorite Answer
FNMA - Fannie Mae; FHLMC - Freddie Mac. It's just what people started calling them because of the letters of their real names. FNMA - Federal National Mortgage Assoc., FHLMC - Federal Home Loan Mortgage Corp.
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