Fannie Mae
Fannie Mae is a government-sponsored housing corporation created during the Great Depression. The company’s business is dedicated primarily to creating opportunities for affordable single-family and multifamily housing for millions of Americans. To do so, Fannie Mae expands access to affordable mortgages and is responsible for financing roughly one in four single-family mortgages in the U.S. During the Great Recession in 2008, the company, along with Freddie Mac, was placed under conservatorship by the Federal Housing Finance Agency (FHFA) as a means to bail out the company during the country’s housing crisis. In April 2021, Fannie Mae predicted that in the aftermath of the coronavirus pandemic, the housing market is likely headed for another slowdown.
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Latest news for Fannie Mae
- FinanceHome prices to jump another 11% this year and 3% in 2023, Fannie Mae saysApril 26, 2022 9:13 AM UTC
- FinanceFannie Mae: A recession is likely in 2023, but the hot housing market should cushion the blowApril 22, 2022 4:07 PM UTC
- real estateWhere the housing market is going in 2022 as told by 7 leading forecast modelsNovember 29, 2021 5:42 PM UTC