National Mortgage Association (Fannie Mae)

The National Mortgage Association, commonly known as Fannie Mae, is a government-sponsored enterprise in the United States that helps support the housing market. It does this by purchasing mortgages from lenders, which provides them with more funds to offer new loans to borrowers. Essentially, Fannie Mae helps ensure that there is a steady availability of mortgage credit, making it easier for people to buy homes. By doing this, it aims to promote stability and affordability in the housing market.