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Community Affairs – Affordable Mortgage Lending Center

Affordable Mortgage Lending Guide,
Part I: Federal Agencies and Government Sponsored Enterprises

Fannie Mae

Fannie Mae is a government-sponsored enterprise, or GSE, created by the federal government to ensure access to home mortgage credit. It provides liquidity to the mortgage market by buying loans conforming to certain standards from banks and other loan originators, thus enabling lenders to make new loans with the proceeds from the sale. Fannie Mae then issues securities backed by pools of these mortgages that it sells to capital markets. It guarantees that investors in these securities will receive prompt payment of the principal and interest due on the mortgages. Banks may sell loans to Fannie Mae individually or pooled with other loans, directly or through intermediaries.

Overview: Doing Business with Fannie Mae – PDF

HomeReady™ Mortgage – PDF

Standard 97 Percent Loan-to-Value Mortgage – PDF

HomeStyle® Renovation Mortgage – PDF

Standard Manufactured Housing Mortgage – PDF

MH Advantage™ – PDF

Refi Plus™/Home Affordable Refinance Program (HARP) – PDF

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