History
Starting in 1970, Fannie Mae was authorized by the United States Government to purchase residential mortgage loans. Fannie Mae worked with Freddie Mac to develop uniform mortgage documents and national standards for what would come to be known as a conforming loan.
Read more about this topic: Conforming Loan
Famous quotes containing the word history:
“What we call National-Socialism is the poisonous perversion of ideas which have a long history in German intellectual life.”
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