Fannie Mae - Legal Disclosure

IMPORTANT LEGAL INFORMATION REGARDING THIS FANNIE MAE WEB SITE
Your use of this Fannie Mae Web site is subject to the conditions and qualifications described below. By using this Fannie Mae Web site, you agree to accept such conditions and qualifications.

No Warranties; Limitation of Liability. This Web site includes information, documents, tools, and materials (collectively, the "Contents") that are subject to change without notice. Fannie Mae expressly disclaims any obligation to keep Contents up to date or free of errors or viruses, or to maintain uninterrupted access to this Web site. This Web site (including all Contents) is provided "AS IS." Users of this Web site should understand that some Contents have been electronically converted from the media from which originals were produced. Fannie Mae has not tested or verified the accuracy or completeness of the conversion process.

Fannie Mae assumes no responsibility for errors or omissions in any Contents, including Contents that are referenced by or linked (by hypertext links) to third party Web sites. FANNIE MAE MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER FOR THE CONTENTS OR THIRD PARTY WEB SITES OR FOR ANY PRODUCTS, SERVICES OR PROPERTIES MENTIONED OR OFFERED IN THE CONTENTS OR IN THIRD PARTY WEB SITES.

Fannie Mae disclaims any express or implied warranties related to the use of this Web site (including all Contents and third party Web sites), including, without limitation, merchantability, suitability, noninfringement, or fitness for any particular purpose.

Fannie Mae shall not be liable for any errors contained herein or for any damages whatsoever arising out of or related to the use of this Web site (including all Contents), including, without limitation, direct, indirect, incidental, special, consequential, or punitive damages, whether under a contract, tort, or any other theory of liability, even if Fannie Mae is aware of the possibility of such errors or damages.

No Offer or Solicitation Regarding Securities. This Web site includes Contents relating to certain Fannie Mae securities, including offering documentation, Contents referenced in offering documentation, and other materials. Any such Contents are provided only for general informational purposes and do not constitute an offer to sell or a solicitation of an offer to buy any Fannie Mae securities. Fannie Mae does not intend to solicit and is not soliciting any action with respect to any Fannie Mae security through this Web site. All Contents should be read in conjunction with any other Contents or other materials that they expressly supplement or that are incorporated by reference therein. All Contents relating to securities should be read in conjunction with the appropriate offering circular or prospectus and any applicable supplement thereto.

Contents are current only as of the date of such Contents. The securities mentioned in Contents may not be eligible for sale in certain jurisdictions or to certain persons. Investors considering purchasing a Fannie Mae security should consult their own financial and legal advisors for information about such security, the risks and investment considerations arising from an investment in such security, the appropriate tools to analyze such investment, and the suitability of such investment in each investor's particular circumstances.

Terms of Securities. The terms of any particular issue of securities are governed by applicable documents establishing such terms. In the event of any inconsistency between the information in Contents regarding an issue of securities and the terms specified in, or determined pursuant to, the documents establishing the terms of such issue, the terms so specified or determined shall prevail.

Stock Information. The information provided under "Current Stock Info" in the Stockholder section of the site is provided through a hypertext link to a third party Web site. (See "No Warranties; Limitation of Liability" above for important information about links to third party Web sites.) Under no circumstances will Fannie Mae be liable for any loss or direct, indirect, incidental, special, or consequential damages caused by reliance on this information or for the risks of the stock market.

Business Applications. This Web site, either directly or through its links to eFannieMae.com, provides access to certain Fannie Mae technology applications, including without limitation Desktop Underwriter® and Desktop Originator®. Use of some of those applications is subject to, and governed by, certain license agreements. In the event of a conflict between such agreements and the terms and conditions set forth here, such agreements shall govern. The fact that a provision appears here but not in such agreements shall not be interpreted as, or deemed grounds for finding, a conflict for purposes of this paragraph.

Forward-Looking Statements. Certain statements made on our Web site are "forward-looking statements" relating to matters such as Fannie Mae's anticipated financial performance, business prospects, future business plans, financial condition, or other matters. The words "believes," "anticipates," "expects," and similar expressions generally identify forward-looking statements.

Forward-looking statements reflect management's expectations based on various assumptions and management's estimates of trends and economic factors in the markets in which Fannie Mae is active, as well as Fannie Mae's business plans. As such, forward-looking statements are subject to risks and uncertainties, and Fannie Mae's actual results may differ (possibly significantly) from those indicated in such statements. Please refer to our most recent annual and quarterly filings with the Securities and Exchange Commission for a discussion of certain factors that may affect the performance, development, or results of Fannie Mae's business, and thereby cause actual results to differ from management's expressed expectations.

Cautionary Note Regarding Certain Previously Reported Financial Results - Investors and others should not rely on annual or quarterly financial information published prior to December 2004. For financial information for 2002, 2003 and 2004, investors and others should instead review and rely on Fannie Mae's 2004 Form 10-K as filed with the SEC on December 6, 2006.

Unsolicited Ideas. Fannie Mae will not be obligated to anyone disclosing unsolicited ideas to Fannie Mae personnel. The purpose is to avoid potential misunderstandings or disputes when Fannie Mae's business activities might seem similar to ideas submitted to Fannie Mae.

Absent any written agreement to that effect, the disclosure of ideas to Fannie Mae for new products, enhancements, features, innovations or inventions, or of any ideas of any sort that may be related to Fannie Mae's business, is governed by the following terms:

• Fannie Mae is in no way obligated to the disclosing party,
• Fannie Mae is not obligated to keep the idea disclosure confidential,
• Fannie Mae is not obligated to compensate the disclosing party for use of the idea, and
• Fannie Mae expects that, if the disclosing party wants to protect his/her ideas, he/she will have filed a patent application prior to the submission of such ideas to Fannie Mae.

If you are a third party not otherwise subject to an agreement with Fannie Mae governing such disclosures, you must agree to these terms prior to contacting any Fannie Mae staff and execute and submit the Unsolicited Ideas Disclosure Agreement. If, despite our request that you execute the Unsolicited Ideas Disclosure Agreement, you still submit your ideas to Fannie Mae, then regardless of what you or your letter say, the above terms shall apply to your idea submission.

If you do not agree to these terms, do not contact any Fannie Mae personnel about your idea.

Download Unsolicited Ideas Disclosure Agreement (pdf)

HomePath® Web site. Your use of the HomePath Web site is subject to the terms and conditions set forth in this Legal Disclosure. By using the HomePath Web site, you agree to such terms and conditions. Downloading, using, printing and copying of the Contents available through the HomePath Web site are permitted for individual, non-commercial use and for use by individuals and entities, such as real estate agents, transacting business with Fannie Mae to facilitate such business transactions. Except as described in this paragraph, no user of HomePath.com may resell, republish, print, download, copy, retransmit or display (by use of an html "frame" or otherwise) any Contents of HomePath.com without Fannie Mae’s prior specific written approval.

Know Your Options™ Web site. Your use of the Know Your Options Web site ("KnowYourOptions.com") is subject to the terms and conditions set forth in this Legal Disclosure. By using the Know Your Options Web site, you agree to such terms and conditions.

Applicable Laws. Fannie Mae operates this Web site from its offices within the United States of America. Fannie Mae makes no representation that Contents in the site are appropriate or available for use in other locations, and access to Contents from jurisdictions where illegal is prohibited. Those who choose to access this site do so on their own initiative and are responsible for compliance with applicable laws of their jurisdictions. The conditions and qualifications contained herein will be construed in accordance with the laws of the District of Columbia, United States of America, without regard to its conflict of law provisions.

Reservation of Rights. All Contents (including, without limitation, the graphics, icons, and overall appearance of the Fannie Mae Web site and the Contents) are the property of Fannie Mae. Fannie Mae does not waive any of its proprietary rights therein including, but not limited to, copyrights, trademarks, and other intellectual property rights. Links to this Web site are governed by the Linking Agreement, and the use of any applications on this Web site is governed by the applicable license agreements, as referred to in "Business Applications" above, or other agreements between the user and Fannie Mae. Except as authorized by such agreements, this Web site may not be used for any commercial purpose without the prior written consent of Fannie Mae. The availability of any Contents through this Web site shall under no circumstance constitute a transfer of any copyrights, trademarks, or other intellectual property rights of Fannie Mae to any Web site user or any third party. This Web site and the Contents are protected by U.S. and international copyright laws, both as individual works and as a compilation. You may not delete any copyright or similar notice from any Contents you obtain from this Web site.  All Contents Copyright ©1998-2012 Fannie Mae, all rights reserved.