“Fannie Mae exists to serve America’s families and the housing market – and we’ve done so for more than 70 years. We are deeply committed to our mission: ensuring that working families have access to mortgage credit to buy homes they can afford over the long term or that they can secure quality rental housing.
About Fannie Mae - Fannie Mae is a government-sponsored enterprise chartered by Congress to keep money flowing to mortgage lenders, to help strengthen the U.S. housing and mortgage markets, and to support affordable homeownership. We are a national mortgage finance company, but we don’t offer home loans. We stand behind mortgage lenders – local and national banks, thrifts, credit unions, and other financial institutions in all 50 states – to securitize or buy the mortgage loans they originate, enabling them to replenish their funds so they can lend to other homeowners. Similarly, we work to keep funds flowing to support affordable rental housing. We’re also focused on helping struggling families. By working with our partners, we’re helping families prevent foreclosure and keep their homes whenever possible. When foreclosure is unavoidable, we work to sell homes quickly at or near market value to people who will live in those homes. That helps to stabilize neighborhoods and home values. We are committed to creating long-term value to help build a strong, sustainable housing market for the future. Our mission has never been more critical than it is today.
Fannie Mae’s Vital Role in the Market - Fannie Mae plays an even greater role in the housing market today as our nation recovers from the worst housing crisis since the Great Depression. Fannie Mae's role in the market – and our charter requiring us to serve in all communities at all times, good and bad – gives us a unique ability to respond to market challenges. When others pull back or leave the market, we step forward.
An Urgent Responsibility - Our mandate is to keep money flowing to mortgage lenders and to make sure people can buy or rent housing. We have one of the largest foreclosure prevention operations to help struggling homeowners keep making their mortgage payments and avoid losing their homes.
We work with mortgage servicers, housing counselors, and other partners to help distressed homeowners understand their options and find the best solution to meet their needs. Our goal is to help as many families as possible stay in their homes, protect property values in communities across the country, and build a stronger foundation for the U.S. housing market.
Today, we continue to focus on building a sustainable foundation for the future of America's housing.
Keep funds flowing to the mortgage market. We continue our commitment to our fundamental mission – providing mortgage liquidity.
Help distressed homeowners. We established one of the largest foreclosure prevention operations in the country in less than two years. Our efforts help stabilize communities and limit losses on our legacy book of business (pre-2009), which benefits taxpayers. Encourage sustainable lending. We have strengthened lending standards to help ensure that working Americans who buy homes can afford them over the long term. We are emphasizing long-term, fixed-rate mortgages – loans that protect homeowners from interest rate swings.
We are committed to working with our regulator, the Federal Housing Finance Agency (FHFA), and others to develop a better model for servicing mortgages to help reduce risk, increase flexibility, and improve service for borrowers. We focus on efforts that make a positive difference to families and communities across the country. We will continue to work with industry partners, lenders, and families to build a sustainable housing market for the future.”
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