Business Description
Fannie Mae helps make home ownership more accessible across the United States by providing funding to mortgage lenders for both single-family homes and apartment buildings. The company buys mortgages from lenders, bundles them into securities, and sells them to investors, which keeps money flowing through the housing market. Founded in 1938 and headquartered in Washington, D.C., Fannie Mae also works to manage and reduce the financial risks that come with mortgage lending.
