The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, was established in 1938 and is headquartered in Washington, D.C. Its principal purpose is to provide liquidity, stability, and affordability to the U.S. housing market by purchasing and guaranteeing mortgages secured by residential properties. Fannie Mae's key offerings include mortgage-backed securities (MBS) and a variety of mortgage products aimed at enhancing homeownership opportunities for consumers.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Fannie Mae began issuing bonds to fund its mortgage activities in 1968 and has since become a pivotal entity in the mortgage market. Notably, in 2008, Fannie Mae was placed under conservatorship by the Federal Housing Finance Agency (FHFA) in response to the financial crisis. The agency has issued various MBS offerings that historically reflect competitive yields compared to industry benchmarks, with current rates influenced by prevailing economic conditions. Additionally, Fannie Mae's bonds are typically characterized by their government-sponsored entity (GSE) backing, providing investors with unique security features compared to standard corporate bonds.