Federal National Mortgage Association General Information
Fannie Mae provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. The company operates in the secondary mortgage market, primarily working with lenders. It does not originate loans or lend money directly to consumers in the primary mortgage market. Instead, Fannie Mae securitizes mortgage loans originated by lenders into mortgage backed securities that the company guarantees, which are referred to as Fannie Mae MBS. It purchases mortgage loans and mortgage related securities, primarily for securitization and sale at a later date; manages mortgage credit risk, and engages in other activities that support the supply of affordable housing. Fannie Mae has been under conservatorship, with the Federal Housing Finance Agency (FHFA) acting as conservator, since September 2008.