Fannie Mae (Federal National Mortgage Association)

Fannie Mae, or the Federal National Mortgage Association, is a government-sponsored company that plays a key role in the U.S. housing market. It helps make sure there is enough money available for people to buy homes by buying mortgages from lenders, such as banks. This process provides lenders with fresh funds to give out more loans, supporting homeownership. Fannie Mae doesn’t lend money directly to homebuyers; instead, it buys and guarantees mortgages, which helps keep mortgage rates stable and affordable. Its goal is to promote a healthy, accessible housing market for Americans.