The Federal National Mortgage Association, commonly known as Fannie Mae, is a government-sponsored enterprise (GSE) that was formed during the Great Depression as part of President Franklin D. Roosevelt’s New Deal. Its purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS). In the wake of the 2008 financial crisis, the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac under the conservatorship of the federal government, where it remains today.
Originally founded in 1938, Fannie Mae is based in Washington, D.C.
Latest Fannie Mae News
HUD and FHA announce new appraisal bias protections
May 01, 2024FHA and HUD announced new guidance designed to combat appraisal bias by giving borrowers more options when seeking a reconsideration of value.
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Agencies aim to standardize ‘first-generation homebuyer mortgage’ definition
May 01, 2024 -
Freddie Mac expands use of AOLs in selling guide update
May 01, 2024 -
Fannie Mae profits grow to $4.3B in Q1 2024
Apr 30, 2024 -
FHFA releases fair lending final rule
Apr 30, 2024 -
CHLA president addresses various consumer protection measures
Apr 25, 2024 -
FHFA annual report highlights GSE actions on affordable housing
Apr 18, 2024 -
Loan buybacks haven’t disappeared, but they are trending down
Apr 18, 2024 -
GSEs will not count buyer agent commissions in cap on seller concessions
Apr 15, 2024 -
State financial regulators and FHFA enter mortgage information sharing agreement
Apr 10, 2024
Fannie MaeContent
Time is up: Are you ready for Fannie Mae’s new prefund QC requirements?
Aug 15, 2023 10:18 amNew Fannie Mae QC prefunding requirements have provided another reason for lenders to reassess their quality control and risk mitigation strategies. The prefunding requirements, announced in March, will become active as of September 1, 2023.
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How Fannie Mae is creating new opportunities for homeownership
May 23, 2022 6:36 pm -
How Fannie Mae is leveraging technology to expand access to homeownership
Nov 18, 2021 4:28 pm -
How borrower education can make housing more attainable
Mar 01, 2021 2:34 pm -
How manufactured homes can help alleviate the affordable housing crisis
Jan 05, 2021 9:00 am