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
- 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