The EnterprisesвЂ™ purchases help ensure that individuals and families that buy homes and investors that purchase apartment buildings and other multifamily dwellings have a continuous, stable supply of mortgage money.Д«y packaging mortgages into MBS and guaranteeing the timely payment of principal and interest on the underlying mortgages, Fannie Mae and Freddie Mac attract to the secondary mortgage market investors who might not otherwise invest in mortgages, thereby expanding the pool of funds available for housing. Lenders use the cash raised by selling mortgages to the Enterprises to engage in further lending. They provide liquidity (ready access to funds on reasonable terms) to the thousands of banks, savings and loans, and mortgage companies that make loans to finance housing.ДЇannie Mae and Freddie Mac buy mortgages from lenders and either hold these mortgages in their portfolios or package the loans into mortgage-backed securities (MBS) that may be sold. TheyВ perform an important role in the nationвЂ™s housing finance system вЂ“ to provide liquidity, stability and affordability to the mortgage market. Fannie Mae and Freddie Mac were created by Congress.

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