As a government-sponsored enterprise, Fannie Mae plays a critical role in underpinning the U.S. housing market—and, in turn, the American economy at large. The pandemic only highlighted that importance; Fannie provided a record $1.4 trillion in liquidity to the single- and multifamily mortgage markets in 2020, allowing homeowners to take advantage of historically low interest rates to purchase homes at a breakneck pace, and to refinance 3.4 million loans across the U.S. last year. Despite the surprising strength in those markets, Fannie’s 2020 results were hindered by the pandemic; revenues fell 11.5% from the previous year, while profits slipped nearly 17%.
Lists ranking Fannie Mae
Latest news for Fannie Mae
- MagazineThese 18 big companies made more than $250,000 in profit per employee last yearAugust 10, 2020 8:30 AM UTC
- The LedgerEx-Fannie Mae CEO: Housing Will Be Fine in the Next RecessionAugust 26, 2019 9:27 PM UTC
- LeadershipFannie Mae CEO: People Need Calm, Confident LeadershipJanuary 10, 2018 5:13 PM UTC
- LeadershipA Decade Out From the Financial Crisis, Fannie Mae Has Bounced Back in a Big WayDecember 12, 2017 3:48 PM UTC
- FinanceThe Fortune 500’s 7 Best-Performing Stocks of 2016December 30, 2016 2:30 PM UTC