Fannie Mae

Fannie Mae, also known as the Federal National Mortgage Association, was established in 1938 to stimulate the housing market by making more mortgages available to moderate- to low-income borrowers. With its mission to provide liquidity, stability, and affordability to the U.S. housing market, Fannie Mae operates in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for investment and issuing guaranteed mortgage-related securities. The company's headquarters is in Washington, D.C.