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Who / What is Fannie Mae ?

Real Estate Agent with Renaissance Realty Group of Keller Williams Atlanta Partners

Fannie Mae is a government-sponsored enterprise chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets. Fannie Mae operates in the U.S. secondary mortgage market. Rather than making home loans directly to consumers, Fannie Mae works with mortgage bankers, brokers and other primary mortgage market partners to help ensure they have affordablerate funds to lend to homebuyers. Fannie Mae funds its mortgage investments primarily by issuing debt securities in the domestic and international capital markets.

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Eric Reid 

Associate Broker

Keller Williams Atlatna Partners
Team Leader 
Renaissance Realty Group

Comments (1)

Robert Rauf
CMG Home Loans - Toms River, NJ

Eric, that is a great definition of Fannie, The talk of taking fannie and freddie apart is a bit scary, prior to FNMA and FHLMC we only had FHA/VA and 20% down, no in between. Not only does fannie provide the liquidity, but it also helps keep guidelines in check, and more uniform, and it keeps Rates more uniform as well since it is the secondary market that determines the going rate, not a committee sitting around a conf. table at the local bank.

Mar 08, 2011 08:25 AM