- 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
- May 2, 2003
- Business
- Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise that provides liquidity to the mortgage market by purchasing residential mortgages from lenders, securitizing them into mortgage-backed securities (MBS), and guaranteeing timely principal and interest payments to investors; it operates through single-family and multifamily business segments, offering products including HomeReady low-down-payment mortgages with income flexibilities and $2,500 credits for very low-income first-time homebuyers, HFA Preferred paired with local housing finance agencies, 97% loan-to-value options, HomeStyle Renovation and Energy mortgages for home improvements and efficiency upgrades, construction products, accessory dwelling units financing, manufactured housing via MH Advantage, Native American lending programs, down payment assistance, shared equity initiatives, and RefiNow affordable refinance options; in multifamily, it supports rental housing through delegated underwriting and servicing (DUS) risk-sharing and capital markets securitizations. Founded in 1938 during the Great Depression as part of the New Deal and headquartered in Washington, D.C., Fannie Mae serves homebuyers, homeowners, renters, and lenders nationwide, with a guaranty book exceeding $4.1 trillion and total assets of $4.3 trillion as of September 2025. Recent developments include third-quarter 2025 loan acquisitions of $90 billion in single-family and $18.7 billion in multifamily new business, surpassing $100 billion in net worth, ranking 25th on the Fortune 500, a partnership with Palantir Technologies for fraud detection announced in Q2 2025, FHFA raising 2026 multifamily purchase caps to $88 billion with half for affordable housing, extension of HomeReady credits effective March 2025, release of Desktop Underwriter V. 12.0 marking 30 years of innovation, a CEO transition to Acting CEO Peter Akwaboah in late 2025 following Priscilla Almodovar's departure amid internal controversies, and ongoing stress test results affirming resilience under severe scenarios.