Appleton City, Missouri. Appleton City is a city in St. Clair County, Missouri, United States. The population was 1,127 at the 2010 census.
Fannie Mac was established in 1938. It's name comes from the abbreviation of the original name Federal National Mortgage Association (FNMA). People started calling it Fannie Mae and the name has stuck. In fact, it's now the official name of the corporation. Freddie Mac comes from Federal Home Loan Mortgage Corporation (FHLMC). A bit of a stretch but that's what it's from. Freddie Mac was established in 1970. Sallie Mae is similar...Student Loan Marketing Association (SLMA). It was established in '72 with federal backing but has since severed ties with the government and is a stand-alone corporation since '04.
Securities guaranteed and/or issued by these entities are known generically as agency mortgage securities. Readers should bear in mind that each agency is a separate entity, and the securities issued by Fannie Mae or Freddie Mac differ from those guaranteed by Ginnie Mae.Fannie Mae and Freddie Mac issue and guarantee pass-through securities. Ginnie Mae adds its guarantee to already-issued private pass-through securities.The mortgage loans in Ginnie Mae guaranteed securities are government-insured by either the Federal Housing Authority (FHA) or Veterans Administration (VA).ecurities guaranteed and/or issued by these entities are known generically as agency mortgage securities. Readers should bear in mind that each agency is a separate entity, and the securities issued by Fannie Mae or Freddie Mac differ from those guaranteed by Ginnie Mae.