What's going on, everyone. Welcome to Real Talk, Real Estate. I'm joined today by Christian

Bachelorette for the Mortgage Monday episode. Christian, how are you today? Pretty good. Every

week coming at you with a fun new government stuff. It's a real fun time to be an American,

isn't it? With our government that's not operational currently, we're recording this during the shutdown.

So we'll see what comes of all this craziness.

It's been our headlines the last month or so. We have never had as much stuff to talk about

as we have in the last year when it comes to macroeconomics, the federal government.

Changes that are taking place with real estate, it is pretty crazy. And today is no exception.

So you and I are going to be talking

about Fannie Mae and Freddie Mac, possibly going public in an initial public offering. Before we get

to the article we have for today's show, can you take a brief minute to just explain what

Fannie Mae and Freddie Mac are, how they impact your ability to do mortgages and why they benefit the American public?

Yeah, they're their GSCs, their government-sponsored enterprises, which I know to our

average listener doesn't mean anything. They're basically the rule centers. That's how you can

think about it, right? They set the rules for what we in the industry call conforming lending. That includes

conventional, that includes, technically doesn't include FHA, but there's a similar, you know,

Ginnie Mae for FHA. But they basically set the guidelines that if X is met and X can include

debt to income ratios, credit scores, you know, all the things that

you usually hear us talking about how to qualify. If X criteria are met, we will ensure

this product as a, not getting too complicated, but as an investment tool for an investor,

and we'll ensure the returns on that. Only if it meets our standards, right?

And those are the standards that Fannie Mae and Freddie Mac have been put in place to create, right?

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