What is a GSE and What Does It Do?
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What is a GSE and What Does It Do?

ByProject Risk Evaluation Partners

You may not have heard of them quite yet but consider this: the GSEs—government-sponsored enterprises—purchase, from various approved lenders, the majority of all residential loans originated in the United States. When most people in the industry hear the term “GSE” they think of the Federal National Mortgage Association or “Fannie Mae” and the Federal Home…

Important GSE Requirements for Condos and Coops
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Important GSE Requirements for Condos and Coops

ByProject Risk Evaluation Partners

As the largest purchasers of loans in the residential secondary mortgage market, the GSEs or government-sponsored enterprises (Fannie Mae and Freddie Mac) have set guidelines that must be met before either GSE purchases those loans. This process exists primarily between lenders and the GSEs “in the background” and is rarely something that a borrower is…