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Fannie Mae? Who?

Unless you have been living under a rock then you know that Fannie Mae is a government entity that has had some press over the past few years.

Fannie Mae originally comes from the ancient myan term meaning "Throw a donkey from the spaceship"

Wait for it...
Wait for it...
Wait for it...

That's not entirely true but it is kind of funny... or not.

Anyway Fannie Mae is a quazi government agency the owns the majority of the conventional conforming loans in America.

Treasury notes directly affect the interest rates on fixed-rate mortgages. How? When Treasury yields are higher, so are interest rates. That's because investors who want a fixed return on their money will either shop for Treasury notes, CDs, money market funds, mortgages or corporate bonds. Treasury notes are considered ultra-safe since they are guaranteed by the U.S. government. CDs and money market funds are slightly less safe, since they aren't guaranteed. However, that safety comes with a price - a lower return.

Investors who want a slightly higher return, and are willing to accept more risk, will buy mortgages. Instead of buying the mortgages directly, they usually purchase products backed by mortgages, called (you guessed it) mortgage-backed securities. When Treasury yields rise, mortgages also have to provide higher returns to attract investors. The result to the borrower? Higher interest rates.

Those who are willing to do a little research into specific companies will purchase corporate bonds, which are rated as to their level of risk. Bond yields are also somewhat affected by Treasury yields, as well.

Lee Duran the finance man
NMLS #944254

Other Facts that you might be interested in if you are going to check me out to see if I am one of those "evil finance guys".

I got my securities license in 1992 CRD# 2447141
(crd non-active)
Insurance Health/Life License #OD94317 03/26/2003
(active and in good standing)
Insurance Property/Casualty License #OD94317 04/27/2006
(active and in good standing)
Real Estate License #01505735 06/13/05
(active and in good standing)
Notary Public License #15661305 03/02/01
(active and in good standing)
NMLS License #944254 2012 and of course
(active and in good standing)
There!!! now you can tell your Wife/Husband that you checked me out and you think you will go with this Lee Duran loan guy that calls himself "Lee Duran the Finance man".
See, ... I already saved you some grief-
call me.

Contact me at: 1-323-717-1144

Refinance or Purchase Loan

 

Fannie Mae/Freddie Mac

"I did not want to know the entire loan business just wanted a loan officer I could trust, Thank you Lee"

- Amy
  La Mesa, CA

"I got the Rate I wanted and it was fast."

- Isodora
  Temecula, CA

"VA, FHA, Freddie Mac, Fannie Mae... whatever!!! Just get me the best rate and no fees... thanks Lee."

- Jason
  Costa Mesa, CA

"I just want to know that I am in the best postion I can be. I have been dealing with Lee for years on my finances and it only seemed natural that I refinance with Lee Duran"

- John
  Los Angeles, CA

"Lee will give you an honest and fair deal."

- Mr Loftus
  Apple Valley, CA

 

 

“These  testimonials do not reflect all borrowers and your experience may vary”