Fannie Mae foreclosures are home loans offered by the Federal National Mortgage Association, a government-backed business entity operating in the secondary housing market. The company buys up closed loans with the desired result of enabling lenders to keep providing home financing or mortgages to the public. These foreclosures target individuals and families with lesser means to become home owners.
Original post: Affordable Homes for Low-Income Families Through Fannie Mae Foreclosures
