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Federal National Mortgage AssociationThis latest report: Tax Return Online
As the leading source of residential mortgage credit in the U.S. secondary market, Fannie Mae is supporting today's economic recovery and laying the foundation for a better housing finance system. We guarantee and purchase loans fro m mortgage lenders to ensure families can buy homes, refinance, or rent a good home.
In the past five years, we have taken actions to improve our financial performance, build a profitable new book of business‚ and reduce losses on our legacy book. Fannie Mae's strong third quarter 2013 results were driven primarily by continued stable revenues and credit-related income, resulting in net income of $8.7 billion for the quarter, our seventh consecutive quarterly profit.
From January 1, 2009 through September 30, 2013, Fannie Mae provided approximately $3.9 trillion in liquidity, which enabled 3.4 million home purchases
and 12.0 million mortgage refinancings. We also enabled financing for 2.0 million units of multifamily rental housing during this period.0430.com recommendCurrent Recommended:Federal National Mortgage Association
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Federal National Mortgage Association:As the leading source of residential mortgage credit in the U.S. secondary market, Fannie Mae is supporting today's economic recovery and laying the foundation for a better housing finance system.
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