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To become a Fannie Mae firm, you must meet certain criteria, including maintaining a valid business license and adhering to financial regulations. Additionally, your firm should demonstrate experience in the mortgage industry, have sound financial practices, and ensure compliance with Fannie Mae policies. Utilizing resources from the Efanniemae platform can help streamline this process, offering guidance on necessary documentation and standards.

Fannie Mae was chartered by U.S. Congress in 1938 to provide a reliable source of affordable mortgage financing across the country. Today, our mission continues to provide a stable source of liquidity to support low- and moderate-income mortgage borrowers and renters.

As of 2022, Fannie Mae and Freddie Mac remain under conservatorship, and after more than repaying their Treasury loans are building capital reserves for an expected eventual exit.

The primary difference between Freddie Mac and Fannie Mae is where they source their mortgages from. Fannie Mae buys mortgages from larger, commercial banks, while Freddie Mac buys them from much smaller banks.

Both Fannie Mae and Freddie Mac are nationally recognized, federally backed mortgage institutions committed to providing the U.S. housing market with liquidity, stability and affordability. This mission for both government-sponsored enterprises, or GSEs, is crucial to the nation's housing finance system.

ing to the lawsuit, Fannie told investors in 2007 that it had roughly $4.8 billion worth of subprime loans on its books, or just 0.2 percent of its portfolio. The SEC says that Fannie actually had about $43 billion worth of products targeted to borrowers with weak credit, or 11 percent of its holdings.

Fannie Mae is a leading source of mortgage financing in the United States. We help make affordable housing accessible to homeowners, homebuyers, and renters across the country and achieve this with the help of our housing partners.

They loaded up on subprime, interest-only, or negative amortization mortgages—loans more typical of banks and unregulated mortgage brokers. Fannie and Freddie made things worse by their use of derivatives to hedge the interest-rate risk of their portfolios.

So, to break down the acronyms: Fannie Mae, or the Federal National Mortgage Association, came from the acronym FNMA. Fannie for the letters “FN” and Mae for “MA.” Ginnie Mae, or Government National Mortgage Association, came from its acronym GNMA.