Without Fannie Mae and Freddie Max interest rates on 30 year mortgages would be higher or everyone would have to use an ARM. On most mortgages the bank just fol

Without Fannie Mae and Freddie Max interest rates on 30 year mortgages would be higher or everyone would have to use an ARM. On most mortgages the bank just follows these government associated agencies’ underwriting rules and immediately sells the mortgages to them.