Fannie Mae exists to provide reliable, affordable mortgage financing – including predictable long-term fixed-rate mortgages, such as the 30-year fixed-rate mortgage – in all markets at all times, buying loans that lenders originate so they can fund new loans. This gives more people the opportunity to buy, refinance, or rent homes. We do this while effectively managing and reducing risk to Fannie Mae’s business, to taxpayers, and to the housing system.
In the second quarter of 2016, we provided approximately $145 billion in liquidity to the mortgage market, resulting in 274,000 home purchases, 311,000 mortgage refinancings, and 141,000 rental housing units.
Page last revised: 08/04/16