Fannie Mae, or the Federal National Mortgage Association, is a government-sponsored enterprise (GSE) established in 1938 to expand the secondary mortgage market in the U.S. It aims to enhance the availability and affordability of housing by buying mortgages from lenders, thereby providing them with liquidity. This helps to ensure that more Americans can access mortgage financing. Fannie Mae operates under the oversight of the Federal Housing Finance Agency (FHFA).
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