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Loan and Mortgage Terms Glossary

Federal Agency Issues:

Securities issued by a federal agency or an organization affiliated with the federal government. The securities are fully guaranteed as to principal and interest by the issuing agency, but are not direct debt obligations of the u.s. government and are not backed by its full faith and credit. The more common federal agency issues include obligations of the federal home loan banks, farm credit system, federal national mortgage association, government national mortgage association and student loan marketing association.

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