What We Do
Fannie Mae is a leading source of mortgage financing in the United States. We help make affordable housing accessible to homeowners, homebuyers, and renters across the country and achieve this with the help of our housing partners. They include mortgage lenders and servicers, housing counselors, real estate agents, and other industry professionals. Together, we help millions of people throughout the U.S. find a place that they can call home.
Our goal is to provide lenders and servicers effective products and services that support their mortgage market activities. We work to modernize and innovate our mortgage technologies and risk tools to help our business partners advance their businesses so they can thrive in the evolving housing market.
Our ongoing efforts to improve our operations and make the housing finance system safer and more effective is evident in our two primary lines of business:
Our Single-Family business helps mortgage lenders safely originate mortgages. Our funding helps preserve the 30-year, fixed-rate mortgage, an industry standard for many homebuyers. The popular mortgage loan helps homeowners by offering stable, predictable mortgage payments over the life of the loan.
The variety of mortgage financing solutions we offer our mortgage lenders supports a diverse group of homebuyers and homeowners in all markets and during all economic cycles. The products inspire lenders to originate and tailor mortgage loans that meet the needs of today's homebuyer.
At the same time, we establish and uphold responsible mortgage lending standards. We created underwriting, eligibility, and risk management standards to help protect taxpayers.
At Fannie Mae, we provide liquidity to the single-family market by purchasing and guaranteeing mortgage loans made by lenders and issuing debt securities and mortgage-backed securities that attract global investors to finance U.S. housing.
Altogether, we provide liquidity to the mortgage market, enabling our lender partners to extend credit to borrowers across the U.S. to buy, refinance, and rent homes.
Fannie Mae is a market leader for financing multifamily properties. Our Multifamily business works to ensure that access to affordable and workforce rental housing is available in all markets across the country.
The cornerstone of our Multifamily business is our Delegated Underwriting and Servicing® (DUS®) program. DUS is a unique model that leverages private capital to finance multifamily housing in communities throughout the country. We work with a network of participating multifamily lenders to finance apartment buildings. DUS lenders are authorized to underwrite, close, and deliver loans on our behalf, and in exchange they share the risk of loss on those loans.
We securitize multifamily loans into mortgage-backed securities in order to provide liquidity to the multifamily market and increase available funds in the financial system. This helps ensure funds are available to finance workforce rental housing.