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Company Description

Contact Info

3900 Wisconsin Avenue, NW

Washington, DC 20016

United States

Phone: 202-752-7000


Federal National Mortgage Association operates as a government-sponsored enterprise. The company operates its business solely in the United States and its territories. The company provides access to mortgage credit and indirectly enables families to buy, refinance, or rent homes. The company securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities that it guarantees, which the company refers to as Fannie Mae MBS. The company also purchases mortgage loans and mortgage-related securities, primarily for securitization and sale at a later date. The company obtains funds to support its business activities by issuing various debt securities in the domestic and international capital markets, which attracts global capital to the United States housing market. The company conducts business in the U.S. residential mortgage market and the global securities market. It supports market liquidity by issuing Fannie Mae MBS that are readily traded in the capital markets. The company creates Fannie Mae MBS by placing mortgage loans in a trust and issuing Fannie Mae MBS that are backed by those mortgage loans. The company securitizes a majority of the single-family and multifamily mortgage loans that it acquires. The company’s securitization transactions primarily fall within two categories, such as lender swap transactions and portfolio securitizations. Segments The company has three business segments, including Single-Family Credit Guaranty (Single-Family), Multifamily, and Capital Markets. Single-Family segment This segment, working with the company’s lender customers, provides funds to the mortgage market by acquiring single-family loans through lender swap transactions, or working also with the company’s Capital Markets segment, through loan purchases. This segment has primary responsibility for pricing and managing the credit risk on its single-family guaranty book of business, which consists of single-family mortgage loans underlying Fannie Mae MBS and single-family loans held in the company’s retained mortgage portfolio. This segment and Capital Markets segment securitize and purchase primarily conventional (not federally insured or guaranteed) single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these types of loans. The company also securitizes or purchases loans insured by the Federal Housing Administration (FHA), loans guaranteed by the Department of Veterans Affairs (VA), loans guaranteed by the Rural Development Housing and Community Facilities Program of the U.S. Department of Agriculture, manufactured housing loans, and other mortgage-related securities. Single-Family Mortgage Securitizations and Other Acquisitions This segment securitizes single-family mortgage loans and issues single-class Fannie Mae MBS for the company’s lender customers. Unlike the company’s Capital Markets segment, which securitizes loans from its retained mortgage portfolio, this segment business securitizes loans solely in lender swap transactions. This segment also works with the company’s Capital Markets segment to acquire single-family loans through purchases of loans. Single-Family Mortgage Servicing, Real Estate Owned Management, and Lender Repurchase Evaluations Servicing: Generally, the servicing of the mortgage loans that are held in the company’s retained mortgage portfolio or that back its Fannie Mae MBS is performed by mortgage servicers on its behalf. Some loans are serviced for the company by the lenders that initially sold the loans to it. In other cases, the company’s loans are serviced by third-party servicers that did not originate or sell the loans to it. The company’s mortgage servicers typically collect and deliver principal and interest payments, administer escrow accounts, monitor and report delinquencies, perform default prevention activities, evaluate transfers of ownership interests, respond to requests for partial releases of security, and handle proceeds from casualty and condemnation losses. The company’s mortgage servicers are the primary point of contact for borrowers and perform a key role in


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