- 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
- Dec 23, 2011
- Business
- Federal National Mortgage Association (Fannie Mae; OTCQB: FNMFO) operates as a government-sponsored enterprise providing liquidity, stability, and affordability to the U.S. housing finance system through its Single-Family, Multifamily, and Capital Markets segments; it acquires mortgage loans from lenders, securitizes them into mortgage-backed securities (MBS) sold to investors with guarantees on principal and interest payments, manages credit risk via underwriting and servicing standards, and facilitates lender swaps, portfolio securitizations, and structured transactions. The company supports homebuyers, homeowners, renters, and low- to moderate-income households by enabling 30-year fixed-rate mortgages, offering HomePath financing for REO properties, providing credit enhancements for multifamily bonds issued by state and local housing finance authorities, investing in low-income housing tax credit (LIHTC) projects, and delivering tools such as Desktop Underwriter for automated underwriting, Income Calculator for self-employment and rental income verification, and the Mortgage Help Network for counseling on financial uncertainty, disaster recovery, and delinquency prevention. Fannie Mae conducts operations nationwide, with a focus on high-needs rural markets and underserved communities; founded in 1938 as part of the New Deal and headquartered at 1100 15th Street NW, Washington, DC, it maintains $4.3 trillion in total assets as of September 2025 and reports 8,100 employees. Recent developments include the May 2025 launch of the AI-powered Crime Detection Unit in partnership with Palantir Technologies to enhance fraud detection across millions of datasets; FHFA-directed doubling of annual LIHTC investments to $2 billion starting August 2025, with half reserved for difficult-to-serve markets and 20% for rural communities under the Duty to Serve plan; a $88 billion multifamily loan purchase cap for 2026; release of Desktop Underwriter V. 12.0; $3.9 billion net income for third-quarter 2025, marking 31 consecutive profitable quarters; and $287 billion in housing market funding during the first nine months of 2025, aiding 1,069,000 households.