Fannie Mae stands for Federal National Mortgage Association. Fannie Mae is a government sponsored enterprise contracted by the United States Congress. As such Fannie Mae’s mission is to supply affordability, liquidity and stability to the United States’ housing and mortgage markets.
Fannie Mae functions in the United States secondary mortgage market. The association works with brokers, mortgage bankers, and other primary mortgage market partners rather than creating home loans directly to consumers. This way Fannie Mae helps to ensure that they have funds to lend to home buyers at affordable rates. The association also funds its mortgage investments mainly by issuing debt securities in the domestic and international capital markets.

In 1938 Fannie Mae was established as a federal agency and as a private shareholder-owned company. Director of the Federal Housing Finance Agency (FHFA) James Lockhart, appointed FHFA as conservator of Fannie Mae On September 6, 2008. The U.S. Department of the Treasury has settled on providing in excess of $200 billion in capital which is needed to ensure the company continues to supply liquidity to the housing and mortgage markets.

Fannie Mae has three businesses – Single-Family, Housing and Community Development and Capital Markets. These businesses provide products and services to lenders as well as a wide range of housing partners. Collectively, these businesses add to the company’s chartered mission to increase the amount of funds available in order to make rental housing and homeownership more affordable and available.
Fannie Mae’s commitment to inclusion and diversity in the work force, the work place and the market place helps them in achieving an environment where the greatest resource, the employees are able to totally engage themselves and contribute their varied ideas and points of view towards innovative solutions that meet the company’s goals. In doing so, our employees drive the company’s competitive edge and serve the needs of our customers, partners and communities.
Fannie Mae is committed to work assiduously and aggressively to save families from foreclosure. It strives to educate and prepare future homeowners and renters on the various housing and credit needs as well as work at enabling every customer and partner to meet those needs. The Office of Diversity and Inclusion supports the efforts of Fannie Mae’s business units by way of the following:

• Identifying opportunities to align with corporate efforts aimed at foreclosure prevention and lending in communities of color.
• Developing initiatives to sustain increased variety in the financial services industry through internships, scholarships, as well as other targeted programs in order to bring more people with more diverse backgrounds into the industry.
• Advancing Fannie Mae’s corporate supplier diversity efforts to ensure that certified and qualified diverse suppliers are provided with the opportunity to do business with Fannie Mae.