FNMA (Fannie Mae)

Fannie Mae, officially known as the Federal National Mortgage Association, is a government-sponsored enterprise that helps make home loans more accessible to Americans. It does this by buying mortgages from lenders, which provides them with funds to issue more loans. Fannie Mae then packages these loans into securities that are sold to investors. This process helps stabilize the mortgage market, ensuring there’s enough money for people to borrow to buy homes. It plays a vital role in promoting homeownership and affordable housing in the U.S. economy.