Who was Fanny May?
Fannie Mae provides funds to mortgage lenders through the purchase of mortgage assets, and issues and guarantees [MORE]
Answered by Nancy T. -Galleries
About Mortgage
A mortgage is a loan that is secured by a property/house and is paid in installments over a set period of time. For buying homes, mortgage loans are used almost always around the world, only in rare cases are cash or other forms of credit used for payment. The word mortgage comes from a Law French term meaning ''dead pledge.'' This means the pledge ends when the obligation is fulfilled, or the property is taken through foreclosure.
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