What is a Sallie Mae home loan?

1 ⤊

What is a Sallie Mae home loan?

2007-03-18 11:29:06 · 2 answers · asked by brian 1 in Business & Finance ➔ Renting & Real Estate

2 answers

There is no such thing. There is a FNMA (fanny-mae).

Sallie Mae is for student loans, not home loans.

2007-03-18 11:45:04 · answer #1 · answered by Anonymous · 1⤊ 0⤋

Sallie Mae, ginnie mae and freddie mac buy bank morgages.

Actually, then, I have not ever heard of
a SM, GM or FM loan. Banks
"package" loans into bundles and sell these to SM, GM and FM.

2007-03-18 18:46:57 · answer #2 · answered by kemperk 7 · 0⤊ 0⤋