A garage is a building or enclosed space primarily used for storing vehicles.
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Fannie Mae is the common name for the Federal National Mortgage Association. It's a U.S. government-sponsored enterprise (GSE) that plays a crucial role in the mortgage market.
Purchases mortgages: Fannie Mae doesn't lend money directly to homeowners. Instead, it buys mortgages from lenders
Securitization: Fannie Mae packages these mortgages into mortgage-backed securities (MBS) and sells them to investors.
Market stability: By buying mortgages, Fannie Mae provides liquidity to the mortgage market, allowing lenders to make more loans.
Standardization: Fannie Mae sets underwriting standards for mortgages, which helps ensure consistency in the mortgage industry.
In essence, Fannie Mae acts as a middleman between lenders and investors, helping to keep the mortgage market functioning smoothly.
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A greenbelt is a designated area of undeveloped land surrounding or neighboring an urban area. It's typically preserved in its natural state, such as forests, farmland, or open space.
Providing recreational areas: Greenbelts often offer parks, trails, and other outdoor amenities.
Improving air and water quality: Green spaces contribute to better environmental conditions.
Protecting natural habitats: They preserve wildlife and ecosystems.
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