Delivering in a time of turmoil
For more than 80 years, Fannie Mae has helped millions of Americans buy or rent a home. In good times and bad, we provide a stable, reliable source of mortgage financing. Our company’s transformation and dedication to safety and soundness helped Fannie Mae deliver for homeowners and renters in 2020 and positions us to continue delivering in the years to come.
Fannie Mae’s ability to provide liquidity to the secondary mortgage market during the COVID crisis, the greatest labor market disruption since the Great Depression, is a testament to our reforms and the positive role we have played to keep homeowners and renters in their homes.
2020 by the numbers
We helped 1.3 million single-family mortgages enter forbearance
to help homeowners through the pandemic.
150 million people reached by “Here to Help”
campaign to provide tools and information to borrowers and renters affected by COVID-related hardships.
14,700 engagements with homeowners and renters
through our disaster recovery and financial hardship counseling.
$1.4 trillion in liquidity to the U.S. mortgage market,
providing stable financing for approximately 6 million home purchases, refinancings or rental units.
3.4 million refinanced loans helped homeowners
take advantage of historically low interest rates.
792,000 units of rental housing financed,
more than 90 percent affordable to families earnings at or below 120 percent of area median income.
5 Years of Support for Housing
Single-Family
2,681,000
First-time homebuyer mortgages
(January 1, 2016 – December 31, 2020)
6,383,000
Mortgages to borrowers at no more than 120% of area median income
(January 1, 2016 – December 31, 2020)
2,684,000
Minority mortgages
(January 1, 2016 – December 31, 2020)
Multifamily
3,789,000
Number of Multifamily units financed
(January 1, 2016 – December 31, 2020)
1,956,000
Multifamily units financed for renters earning less than 80 percent of AMI
(January 1, 2016 – December 31, 2020)
2,724,000
Multifamily units financed for renters earning less than 120 percent of AMI
(January 1, 2016 – December 31, 2020)
