April 29, 2011Fannie Mae Releases 2010 Mission Report
WASHINGTON, DC — Fannie Mae (FNMA/OTC) today released its 2010 Mission Report, detailing the company's efforts to provide liquidity, stability and affordability to the nation's mortgage finance market.
"With the release of our Mission Report, we share an update on our progress and offer examples of the customers, partners, vendors and families that have been positively impacted by the work we do every day," said Michael J. Williams, President and CEO, Fannie Mae. "We provide essential liquidity to the housing market to ensure families can buy, refinance or rent housing – in good times and bad. Through our foreclosure prevention efforts, Fannie Mae helps families stay in their homes whenever possible. Additionally, the company is building a strong new book of business to deliver long-term value."
In 2009 and 2010, Fannie Mae provided nearly $1.5 trillion in funds to the mortgage market, and helped more than one million families buy homes and more than four million families refinance into lower-cost, safer mortgages. Fannie Mae also assisted more than 700,000 homeowners struggling to pay their mortgages work out their loans in 2009 and 2010, helping to protect neighborhoods, home prices and the housing market.
In 2010, Fannie Mae helped:
A copy of the complete report can be downloaded here.