Fannie Mae was chartered by U.S. Congress in 1938 to provide a reliable source of affordable mortgage financing across the country. Today, our mission continues to provide a stable source of liquidity to support low- and moderate-income mortgage borrowers and renters. One of the ways we do this by enabling greater access to affordable home and rental housing finance in all markets and at all times.
We neither originate mortgage loans nor lend money directly to borrowers. As a leading source of financing for mortgages in the United States, Fannie Mae purchases mortgages from lenders and helps facilitate the flow of capital into the housing market by issuing and guaranteeing mortgage-related securities. Our work helps to promote the 30-year, fixed-rate mortgage—a mainstay of the U.S. mortgage financing market.
We are committed to our leadership role within the housing finance industry as well as working with our partners to create opportunities for more people to buy, refinance, or rent a home.