Federal National Mortgage Association
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a government-sponsored enterprise (GSE) based in the United States that plays a critical role in the housing finance system. Established in 1938, Fannie Mae's primary mission is to facilitate homeownership by providing liquidity, stability, and affordability to the mortgage market. The company operates primarily in the mortgage finance sector, offering a range of products and services that include purchasing and securitizing mortgage loans, providing mortgage-backed securities (MBS) to investors, and ensuring that lenders have access to capital for new loans.