- 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
- Jun 25, 2008
- Business
- Federal National Mortgage Association (FNMA), commonly known as Fannie Mae (Ticker: FNMAT), operates as a United States government-sponsored enterprise (GSE) that provides liquidity, stability, and affordability to the nation's housing finance system by purchasing residential mortgages from lenders and securitizing them into mortgage-backed securities (MBS) sold to investors; these activities enable lenders to replenish funds for originating new loans, including conforming single-family mortgages, multifamily loans, and related products such as Desktop Underwriter for automated underwriting, guarantee fees on MBS, and tools for fairer appraisals and underwriting. The company supports single-family and multifamily segments through purchases of conventional mortgages secured by one- to four-family residences, subordinate liens, and manufactured homes; it also facilitates access to 30-year fixed-rate mortgages, rental housing financing, and options for low- and moderate-income borrowers via performance data, technology innovations for gig income or rental payment verification, and foreclosure avoidance programs. Headquartered in Washington, D.C., and founded in 1938 as part of the New Deal to address Great Depression-era housing liquidity shortages, Fannie Mae conducts operations nationwide across the United States.
In recent developments, the Federal Housing Finance Agency (FHFA) raised Fannie Mae's multifamily purchase caps to $88 billion for 2026, emphasizing at least half for mission-driven affordable housing to enhance rental construction liquidity; the company expanded hybrid appraisal eligibility effective March 2024, aligning more closely with traditional appraisals while excluding certain property types and requiring approved, unaffiliated data collectors. Amid potential uplisting and IPO discussions under current FHFA leadership, Fannie Mae is exploring shifts in product mix, including reduced competition with FHA, incentives for varied loan types, and expanded involvement in construction-to-permanent loans or second liens for accessory dwelling units to boost new home supply. In Q3 2025, loan acquisitions reached $90 billion, with trends toward higher FICO scores below 680 and debt-to-income ratios above 43% driven by purchase volume, while total assets stood at $4.3 trillion and funding supported $287 billion to the U.S. housing market, aiding 1,069,000 households.