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Fannie Mae — Compare Lenders to Find the Lowest Rate
Fannie Mae was established by the Federal government in 1938 for the purpose of expanding the flow of mortgage money by creating a secondary market. The US government authorized Fannie Mae to buy Federal Housing Administration (FHA) insured mortgages in order to replenish the supply of lendable money. In 1968, Fannie Mae became a private company. Fannie Mae then expanded to buy mortgages beyond traditional government loan limits to reach more Americans.
Today, Fannie Mae is a private, shareholder-owned company that works to make sure mortgage financing is available to all communities across the country. Fannie Mae does not lend money directly to home buyers. They work with mortgage lenders to make sure they do not run out of funding so that more people can reach the goal of homeownership.
Fannie Mae core commitments include housing leadership, financial strength, teamwork, diversity, innovation and corporate renewal, employee development, reward and recognition, and customer service.