Fannie Mae and Freddie Mac do not directly own loans from Wells Fargo; rather, they are government-sponsored enterprises that buy and securitize loans from lenders like Wells Fargo. Wells Fargo originates loans, which may then be sold to Fannie Mae or Freddie Mac for liquidity and to manage risk. This means that while Wells Fargo may service the loans, the underlying mortgage might be owned by Fannie Mae or Freddie Mac after the sale.
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