- Business
- Federal National Mortgage Association (Fannie Mae; OTCQB: FNMAH) operates as a government-sponsored enterprise that provides liquidity, stability and affordability to the U.S. housing finance system by purchasing residential mortgage loans from lenders, securitizing them into mortgage-backed securities (MBS) guaranteed against credit risk, and selling those securities to investors; core offerings span the Single-Family segment, which acquires conforming and nonconforming single-family mortgage loans including fixed-rate, adjustable-rate, HomeReady and HomeStyle renovation products while overseeing loan servicing and credit risk management; the Multifamily segment, which finances apartment buildings, student housing, affordable housing preservation, cooperatives, manufactured housing communities and senior housing through delegated underwriting and servicing (DUS) loans, Choice Refinance, Declining Prepayment Premium and other fixed- and floating-rate products up to an $88 billion annual purchase cap for 2026; and Capital Markets activities involving whole loan acquisitions, retained portfolios and TBA-eligible MBS trading. Founded in 1938 as part of the New Deal and headquartered at Midtown Center in Washington, D.C., Fannie Mae serves homebuyers, homeowners, renters and institutional investors nationwide through approximately 8,200 employees, with total assets exceeding $4.3 trillion as of September 30, 2025. Recent developments include reporting $3.9 billion in net income for third-quarter 2025, marking the 31st consecutive profitable quarter amid $287 billion in housing market funding over the first nine months of 2025; providing liquidity for 1,069,000 households in home purchases, refinances and rentals during that period; launching Desktop Underwriter version 12.0 and an Income Calculator for self-employment and rental income assessment as part of 30 years of underwriting innovations; announcing FHFA-approved conforming loan limits rising to $832,750 for most one-unit properties in 2026; and executing Near-Stabilization Execution financing for multifamily construction and renovation, alongside ongoing support for affordable housing solutions through partnerships like those enabling over $251 million in long-term financing with entities such as MHP.