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Press Release

Fannie Mae Reports Third Quarter 2008 Results

November 10, 2008

Janis Smith

202-752-6673

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

Fannie Mae exists 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.