- 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
- Apr 13, 2000
- Business
- Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise that provides liquidity, stability and affordability to the nation's housing finance system by purchasing residential mortgage loans 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, with a conventional guaranty book of business totaling $4.1 trillion as of September 30, 2025. Founded in 1938 and headquartered at 1100 15th Street NW in Washington, DC, Fannie Mae supports home purchases, refinances and rental housing nationwide, enabling approximately 401,000 such transactions in the third quarter of 2025 alone through $109 billion in mortgage market liquidity. In its single-family business, it offers conforming mortgage products including HomeReady (with down payments as low as 3% and income flexibilities), HFA Preferred, 97% loan-to-value options for first-time homebuyers, HomeStyle Renovation for purchase or refinance with repairs, HomeStyle Energy for utility cost reductions, construction products, accessory dwelling units, manufactured housing via MH Advantage, Native American lending on and off tribal lands, down payment assistance and shared equity programs; in its multifamily business, it finances properties with five or more units, including low-income housing tax credit investments now capped at $2 billion annually to boost affordable supply. Recent developments include 31 consecutive quarters of profitability through the third quarter of 2025 with $3.9 billion in net income and net worth reaching $105.5 billion; single-family acquisition volume rising to $90.4 billion (primarily purchases at $72 billion) and multifamily to $18.7 billion in that quarter; leadership changes with Peter Akwaboah as interim CEO since October 2025 amid executive departures in compliance and legal roles; strategic shifts toward potential technology investments and broader business evolution under FHFA oversight; release of Desktop Underwriter version 12.0 marking 30 years of innovation; and FHFA finalizing 2025-2027 housing goals while proposing adjustments for 2026-2028 to refine affordability targets.