Fannie Mae is a society that aims to help people achieve their goal of owning a home. Their facilities are targeted towards low and middle-income families. Fannie Mae believes that by helping more people to own their own home they are making a positive contribution to communities and society as a whole.

The Fannie Mae Corporation was created by the U.S. Congress in 1938 to boost the housing industry, which was in a sad plight as a result of the Great Depression. At that time, the Corporation was a part of the Federal Housing Administration. In 1968 Fannie Mae was privatized and continued to operate on a self-sustaining basis. At this time its operation was expanded to reach a greater proportion of the American public.

Fannie Mae Is the Biggest Housing Finance Lender

Today, Fannie Mae is the leader in the housing finance system. They are a private, shareholder-owned company that works to make sure mortgage money is available for people in communities all across America. Fannie Mae does not lend money directly to home buyers. Instead, they work with lenders to make sure they don't run out of mortgage funds, so more people can achieve the dream of homeownership.

Fannie Mae is the United State's second largest corporation in terms of assets, and the nation's largest source of financing for home mortgages. They are also one of the largest financial services corporations in the world. Employing around 4,700 employees, they are also a very productive corporation. Fannie Mae obviously has a certain amount of foreclosures--from the sheer size of their turnover.