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Annual Reports & Proxy Statements
2003 Annual Report & Proxy Statement

As the American Dream Grows,
So Does Fannie Mae

Powered by the unprecedented demand for housing credit in America, Fannie Mae delivered exceptional growth and financial performance in 2003, while taking significant steps to further strengthen our financial and risk disciplines.

In 2003, Fannie Mae provided $1.4 trillion in financing to help a record 10.4 million families, including over $246 billion to serve more than 1.6 million minority families. Fannie Mae achieved the top-line goals for its 10-year American Dream Commitment by reaching over $2 trillion in financing to serve over 18 million underserved families since 2000; and for the tenth consecutive year we met our affordable housing goals, as set by the U.S. Department of Housing and Urban Development (HUD).

More information is available in our Interactive Annual Report.

In 2003 Annual Report & Proxy Statement
2003 Annual Report & Proxy Statement
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As the American Dream Grows, So Does Fannie Mae -- 2003 Annual Report