- CEO
- Peter Andrew Akwaboah
- Full Time Employees
- 8,200
- Sector
- Financial Services
- Industry
- Financial - Mortgages
- Address
- Midtown Center Washington DC United States of America 20005
- IPO Date
- Sep 22, 2003
- Business
- Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, operates as a government-sponsored enterprise that purchases residential mortgages from lenders, packages them into mortgage-backed securities for sale to investors, and provides liquidity to the U.S. housing finance market; its single-family business acquires and services loans for home purchases and refinances, while its multifamily business supports rental housing financing; core products include HomeReady low-down-payment mortgages with 3% minimums and $2,500 assistance for very low-income first-time buyers, HomeStyle Renovation and Energy mortgages for repairs and efficiency upgrades, HFA Preferred with housing finance agency flexibilities, 97% LTV options, RefiNow refinances, construction products, accessory dwelling unit financing, manufactured housing via MH Advantage, Native American lending programs, down payment assistance, and shared equity initiatives such as community land trusts. Founded in 1938 and headquartered at 1100 15th Street NW in Washington, DC, Fannie Mae serves homebuyers, homeowners, renters, and the housing finance industry nationwide with total assets of $4.3 trillion as of September 30, 2025, including $287 billion in funding provided in the first nine months of 2025 to support 1,069,000 households. In recent developments, Fannie Mae reports its 31st consecutive profitable quarter with $3.9 billion net income in Q3 2025 and elevated loan acquisition volumes of $90 billion; it undergoes a major leadership reorganization with Peter Akwaboah as Acting CEO, promotions for Jake Williamson and Tom Klein, and initiatives like Desktop Underwriter V. 12.0, enhanced credit risk transfer disclosures, a $73 billion 2025 multifamily purchase cap, and expanded HomeReady credits effective March 2025.