Mortgage associations are organizations that help facilitate the process of obtaining home loans. They work with lenders, borrowers, and investors to ensure that mortgages are available and affordable. These associations often set standards for mortgage lending and provide resources to help people understand their options. One well-known example of a mortgage association is the Federal National Mortgage Association (Fannie Mae), which buys loans from lenders to increase the availability of funds for homebuyers. By doing this, mortgage associations play a crucial role in the housing market, making it easier for individuals to purchase homes.