Fannie Mae (FNMA) is a government-sponsored enterprise (GSE) that backs and increases liquidity in the United States residential mortgage market by buying and guaranteeing mortgage loans.
The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, was established to provide a secondary market for agricultural loans. This organization helps enhance the availability, affordability, and negotiation flexibility for long-term funding for agricultural operations by purchasing and pooling loans from local lenders.
A collection of similar loans that are sold as a unit in the secondary market or used to back a security, ultimately sold in the capital markets.
Table funding refers to the practice of originating mortgage loans using a lender's internal capital until these loans are packaged together and sold in the secondary market. This process enables the lender to recoup capital, allowing continued lending activities.
