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Press Release

Fannie Mae Reports Second Quarter 2008 Results

August 8, 2008

Janis Smith


Jason Lobo


WASHINGTON, DC -- Fannie Mae (FNM/NYSE) today filed its second quarter report on Form 10-Q with the U.S. Securities and Exchange Commission. The filing provides consolidated financial statements for the second quarter of 2008. The following documents are now available on Fannie Mae's Web site:

Fannie Mae will host a conference call for the investment community today at 10:30 a.m., Eastern Time. Mary Lou Christy, senior vice president, Investor Relations, will host the call. Daniel H. Mudd, president and chief executive officer and Stephen M. Swad, executive vice president and chief financial officer, will address investors and analysts and will be available for a question-and-answer session along with other members of senior management.

The dial-in number for the US/Canada is 888-484-9235 or, for international callers, 706-679-3722. The confirmation code is 55011092. Please dial in five to 10 minutes prior to the start of the call. A replay of the call will be available for 30 days starting at 2:00 p.m., Eastern Time on August 8, through midnight Eastern Time on September 5.

The replay number for the US/Canada is 800-642-1687, or for international callers, 706-645-9291. The confirmation code is 55011092. The conference call will also be webcast at and will be available for 30 days after the call.

Fannie Mae is a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. In 2008, we mark our 70th year of service to America's housing market. Our job is to help those who house America.