Who is Fannie Mae Today? As the leading sou

Who is Fannie Mae Today?

As the leading source of residential mortgage credit in the U.S. secondary market, Fannie Mae is supporting today’s economic recovery and laying the foundation for a better housing finance system. We guarantee and purchase loans from mortgage lenders to ensure families can buy homes, refinance, or rent a good home.

We have taken actions to improve our financial performance, build a profitable new book of business‚ and reduce losses on our legacy book. We reported $17.2 billion in net income for 2012‚ the largest annual net income in the company’s history. Our profits go to taxpayers.

From January 1, 2009 through December 31, 2012, Fannie Mae provided $3.3 trillion in mortgage credit, which enabled 2.7 million home purchases and 9.7 million mortgage refinancings. We also enabled financing for more than 1.7 million units of multifamily rental housing during this period.

We are working to establish and implement industry standards‚ develop better tools to price and manage credit risk‚ build new infrastructure to ensure a liquid and efficient market‚ and facilitate the collection and reporting of data for accurate financial reporting and improved risk management.

Ultimately‚ we measure our progress not only by paying taxpayers and improving the housing finance system‚ but also by the difference we make in people’s lives.

For example‚ we help families avoid foreclosure – more than 1.2 million from 2009 through 2012. We work with mortgage servicers to reach at-risk homeowners early‚ helping them stay in their homes.