Fannie Mae (FNMA)

[Donotunderstand]

???

strange --- as if a bank is owed money and it takes ownership or possession or right to sell due to failed payment - the bank can only keep from that sale what it is owed and must pay the original owner (borrower) the difference ---- (but the bank can and will select "Cousin Joe" to get the 6% brokerage fee on sale and select "Cousin Sam" to buy the house at 80% of market)