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16-08-2022
Social Studies

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Marci obtained a mortgage from her credit union to purchase a new home. the credit union later sold the mortgage to fannie mae. what legal document best describes what happened?

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20-08-2022

Fannie Mae is a government-sponsored enterprise that makes mortgages available to low- and moderate-income borrowers.

The Fannie Mae 1004 form is intended to be used to report an appraisal on modular or panelized homes. This is the term that is used to refer to the form that is used to report the appraisals of one unit properties that are made up of with units that act as accessories in the United States of America, The report does not give the appraisal of the houses that have been manufactured or built in the forms of what is a cooperative.The appraisal is usually done for a detached single unit home in the country.

Read more on the Fannie Mae 1004 form here:

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