Full-Time
Posted on 8/26/2024
Facilitates mortgage financing and liquidity
No salary listed
Mid, Senior
Remote in USA + 1 more
More locations: Plano, TX, USA
Open to remote work, but also has a physical location in Plano, TX.
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Fannie Mae works in the U.S. housing finance market by purchasing mortgages from lenders, which helps them have the cash flow needed to offer more loans. The company either holds these mortgages or packages them into mortgage-backed securities (MBS) that are sold to investors, ensuring a steady flow of capital into the housing market. Fannie Mae earns money through fees for guaranteeing payments on MBS and from interest on its mortgage portfolio. Its goal is to promote affordable housing and maintain the stability of the housing market while also engaging in community service and supporting diversity and inclusion.
Company Size
10,001+
Company Stage
IPO
Headquarters
Washington, District of Columbia
Founded
1938
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Flexible Work Hours
Reports suggest that 700 people were laid off at Fannie Mae last Thursday and Friday, but no official announcements have been issued.
WASHINGTON, March 28, 2025 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) February 2025 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.Follow Fannie Maefanniemae.comFannie Mae Newsroomhttps://www.fanniemae.com/newsroomPhoto of Fannie Maehttps://www.fanniemae.com/resources/img/about-fm/fm-building.tifFannie Mae Resource Center1-800-2FANNIESOURCE Fannie Mae
Existing Home Sales Forecast Upgraded Slightly on Lower Rate OutlookWASHINGTON, March 28, 2025 /PRNewswire/ -- Mortgage rates are now expected to end 2025 and 2026 at 6.3 percent and 6.2 percent, respectively, downward revisions of three-tenths for each, according to the March 2025 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The lower mortgage rate outlook resulted in a small upward revision to the ESR Group's existing home sales outlook in 2025, though expectations for total home sales remain subdued. On a Q4/Q4 basis, real gross domestic product (GDP) is now expected to be 1.7 percent in 2025 and 2.1 percent in 2026, modest downward revisions owing to weaker incoming data and greater clarity on trade policy."We expect the recent pullback in mortgage rates will provide a small boost to home sales this year," said Mark Palim, Fannie Mae Senior Vice President and Chief Economist. "While our latest forecast calls for a period of modestly slower economic growth, historically, interest rates have been the most important driver of home sales. We think mortgage rates will move even lower within the next quarter and ultimately close the year at approximately 6.3 percent, which could be low enough to generate some extra sales from any would-be buyers still waiting on the sidelines."Visit the Economic and Strategic Research site at fanniemae.com to read the full March 2025 Economic Outlook, including the Economic Developments Commentary, Economic Forecast, and Housing Forecast. To receive e-mail updates with other housing market research from Fannie Mae's Economic and Strategic Research Group, please click here.Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae's Economic and Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice
ServiceMac, a leading innovator in mortgage subservicing and a member of the First American family of companies, today announced the company earned Fannie Mae's 2024 Servicer Total Achievement and Rewards(TM) (STAR(TM) Performer award in both the General Servicing and Solution Delivery categories.
Vice Capital Markets integrates with Fannie Mae's new Loan Pricing API to streamline mortgage Loan Pricing and commitment.