Fannie Mae

Fannie Mae, or the Federal National Mortgage Association, is a government-sponsored enterprise that provides liquidity, stability, and affordability to the U.S. housing market by purchasing and guaranteeing mortgages. They make money primarily through the fees they charge for guaranteeing loans and the interest income from their mortgage portfolio. Founded in 1938 during the Great Depression, Fannie Mae has played a crucial role in expanding homeownership in America.

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