Fannie Mae can help

What is Fannie Mae?

Fannie Mae is a financial services company on the New York Stock Exchange (FNM/NYSE) serving the American home mortgage industry. Fannie Mae offers banks and other mortgage lenders financing, credit guarantees, technology and services so lenders can make more home loans to more consumers.

Fannie Mae does not make home loans -- we help mortgage lenders serve homebuyers. By serving more than 1,000 lenders nationwide, large and small, Fannie Mae helps to make home financing more possible for families from all walks of life across America.

Fannie Mae also helps finance affordable housing and community development projects, working with local, state and national housing partners. (For example, we are a major investor in Low Income Housing Tax Credits, which help finance affordable rental housing.) Our goal is to help lenders and housing partners put more families into homes and keep their homes, and to expand the nation's stock of quality affordable housing.

How does Fannie Mae help?

Many Americans still are being overlooked, underserved, and overcharged in their search for affordable homeownership and rental housing options. Fannie Mae is dedicated to helping our partners tear down barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing options for low- to moderate-income individuals and families.

Fannie Mae maintains relationships with a wide range of housing partners, lenders, and other key players to meet specific affordable goals:

• Expand access to homeownership for first-time home buyers and help raise the minority homeownership rate with the ultimate goal of closing the homeownership gap entirely;
• Make homeownership and rental housing a success for families at risk of losing their homes;
• Expand the supply of affordable housing where it is needed most, which includes initiatives for workforce housing and supportive housing for the chronically homeless; and
• Transform targeted communities, including urban, rural and Native American, by channeling all the company’s tools and resources and aligning efforts with partners in these areas.

Fannie Mae is a great institution that helps Americans with home financing. Check out their site www.faniemae.com for more information.
(Information taken from fanniemae.com)