You have probably heard of Fannie Mae, especially in relation to the housing crisis, but do you know what Fannie Mae actually does? Fannie Mae, also known as the Federal National Mortgage Association (FNMA), is a government-sponsored enterprise that was created by Congress in 1938 to stimulate the housing market by making home loans more available to low- and moderate-income buyers. Fannie Mae is not a lender, so it does not provide or originate home loans to borrowers. Instead, Fannie Mae … Continue reading...