Social Sciences and the Law

What is the primary purpose of the Federal National Mortgage Association?

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Its chief purpose is to buy federally guaranteed home mortgages on the secondary market, thus freeing lending institutions to make more funds available for new mortgages for lowto middle-income home buyers.

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Similar questions: What is the Federal National Mortgage Association's chief function? What is the main role of the Federal National Mortgage Association? [ Hide these questions ]

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