Fannie Mae

Fannie Mae helps families achieve the American Dream of home ownership.

Fannie Mae is a private, shareholder-owned company that works to make sure mortgage money is available for people in communities all across America. They do not lend money directly to home buyers. Instead, they work with lenders to make sure they don't run out of mortgage funds, so more people can achieve the dream of home ownership. They are the country's second largest corporation, in terms of assets, and the nation's largest provider of funds for home mortgages. With a book of business of $2 trillion, they are one of the largest financial services corporations in the world.

Fannie Mae operates exclusively in the secondary mortgage market, where they help to ensure that money for mortgages is available to home buyers in every state across the country. And they do it in two different ways. First, they purchase mortgages from lenders and hold those mortgages in a portfolio. The lenders, in turn can use that money to make more mortgages for more home buyers. Second they issue what are known as Mortgage-Backed Securities (MBS) in exchange for pools of mortgages from lenders. These MBS provide the lenders with a more liquid asset to hold or sell. Fannie Mae MBS are highly liquid investments and are traded on Wall Street through securities dealers.

Fannie Mae Links:

History of Fannie Mae - Table of Fannie Mae's history from 1938 to present.
Current Loan Limits - Current loan limits effective January 1, 2006
FM Watch - A group of mortgage insurers, high-cost lenders, and their allies who want to roll back Fannie Mae policies
Charter - The impetus for creation of Fannie Mae

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By visiting Allie Mae you have taken your first step toward becoming an educated borrower. Allie Mae is an objective, independent source of information for the mortgage consumer. Whether you are buying a home, refinancing, taking a home equity loan, building a home or in need of a mortgage for any purpose, Allie Mae is here to help. Allie Mae has helped thousands of people with their mortgage needs. We have a complete selection of articles, charts, calculators, and checklists designed to help you through the mortgage and home buying process.

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