Can someone please give me some info in the fannie may foundation?

Question

Can someone please give me some info in the fannie may foundation?

Answer 1

www.fanniemaefoundation.org

Answer 2

Wikipedia has some good info on Fannie Mae at:

http://en.wikipedia.org/wiki/Fannie_mae

and here's the agency's home page:

http://www.fanniemae.com/index.jhtml

Answer 3

Frequently Asked Questions

  

What Fannie Mae Does



What does Fannie Mae do?

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At Fannie Mae, we are in the American Dream business. Our Mission is to tear down barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing for all Americans. Because having a safe place to call home strengthens families, communities, and our nation as a whole.  

  

By raising funds from U.S. and global investors and dispersing risk on mortgage assets, Fannie Mae works to keep low-cost capital flowing to mortgage lenders across the nation, in all communities, under all economic conditions, at the lowest mortgage rates in the housing finance market.  

  

We do that by providing financial products and services that make it possible for low-, moderate- and middle-income families to buy homes of their own. Since Fannie Mae began in 1968, with the help of our lender partners, we have helped more than 63 million families achieve the American dream of homeownership.  

  

Fannie Mae is a private, shareholder-owned company that works to make sure mortgage money is available for people in communities all across America. We do not lend money directly to home buyers. Instead, we work with lenders to make sure they don't run out of mortgage funds, so more people can achieve the dream of homeownership.  

  

Fannie Mae operates exclusively in the secondary mortgage market, where we help to ensure that money for mortgages is available to home buyers in every state across the country, every day. And we do this in two ways. First, we purchase mortgages from lenders and hold those mortgages in our portfolio. The lenders, in turn, can use that money to make more mortgages for more home buyers. Second, we issue what are known as Mortgage-Backed Securities (MBS) in exchange for pools of mortgages from lenders. These MBS provide the lenders with a more liquid asset to hold or sell. Fannie Mae MBS are highly liquid investments and are traded on Wall Street through securities dealers.  

  



Last Revised: April 13, 2006



http://www.fanniemae.com/index.jhtml