Paul Obidinski: Professor at Penn State on AI Ethics, ex Lawyer

What a great story, Paul.

The-- I, I wanna touch on a couple of things.

Well, first off, Fannie Mae, I think it's a name that many folks don't may-maybe know off, you know, top of their, their mind, but it's a massive, massive firm in the mortgage space, right? What percentage roughly can you-- Can you share roughly what percentage of mortgages in the country would come or go through-

Well-

...Fannie Mae?

I, I, I don't, I don't know if I could give you an accurate figure on that now.

I mean, it's in the secondary market.

So yeah, I, I mean, a lot.

It's, it's, it's between them and Freddie Mac, a, a, you know, huge majority are eventually mortgages purchased by and operated and, and managed through Fannie.

So I-- It's between the two large entities.

I can't give you an exact number.

You know, kind of a little bit away from that business space, but suffice it's-

Yeah.

You know, a huge-

A large-

It's really pretty much, yeah, it's always, it's, it's between the two of them.

Yeah, they're, they're primarily engaged in a vast majority of mortgages.

[chuckles] Let's just-- With-without pinning a number to it, I think that's a, a fair statement.

You know, a whole world that most folks don't think about, right, is like, what happens after I buy my house? [chuckles] You know, those kind of things.

They, they get sold and, and some people buy them, you know, for, for getting the, you know, a lot.

And I don't know much about it myself, but I just know at cursor level, that's a name that is massive.

Yeah.

It, it, yeah, has been and, and you know, it's-- things have evolved a lot.

There's been some leadership changes, but for now, yeah, they're-- them and Freddie Mac are the, are, are the, um, two big giants, if you will.

They're still largely engrossed in the entire mortgage market.