Internship
Campus – Intern
Data Science, Analytics and Modeling Program, Flexible Hybrid
Posted on 8/23/2024
Fannie Mae
10,001+ employees
Facilitates mortgage financing and liquidity
No salary listed
No H1B Sponsorship
Washington, DC, USA
Flexible hybrid work model.
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- Be authorized to work in the U.S. without sponsorship
- Academic achievement (preferred GPA of 3.2 or above)
- Developing a metric to aid in our mission to facilitate equitable and sustainable access to homeownership
- Researching production model improvements through back-testing, text analysis, and data mining
- Investigating techniques to identify anomalous data across metrics and within varying loan populations
- Collaborate with fellow Analytics Interns on Data Science hackathons in areas including Logistic Regression Modeling and GenAI.
Fannie Mae operates in the U.S. housing finance market, focusing on making housing more affordable for homeowners, homebuyers, and renters. The company achieves this by purchasing mortgages from lenders, which provides these lenders with the cash flow needed to offer more loans. Fannie Mae's business model involves either holding these mortgages in its portfolio or packaging them into mortgage-backed securities (MBS) that are sold to investors. This process helps spread risk and ensures a steady flow of capital into the housing market, promoting homeownership and rental opportunities. Fannie Mae generates revenue through fees for guaranteeing payments on MBS and from interest on its mortgage portfolio. The company is committed to community service and workplace diversity, earning recognition for its inclusive practices and positive work environment.
Company Size
10,001+
Company Stage
IPO
Headquarters
Washington, District of Columbia
Founded
1938
Simplify's Take
What believers are saying
- Lower mortgage rates in 2025 and 2026 may boost home sales.
- Integration of AI in underwriting can reduce processing times by 25%.
- Remote work trends increase housing demand in suburban and rural areas.
What critics are saying
- Fraudulent activities have led to significant credit losses for Fannie Mae.
- Integration challenges with new technologies like the Loan Pricing API.
- Revelation of a blacklist could cause reputational damage.
What makes Fannie Mae unique
- Fannie Mae's STAR Program recognizes high-performing mortgage servicers for excellence.
- The company integrates AI to enhance risk assessment and reduce loan processing times.
- Fannie Mae promotes sustainable housing through green mortgages for energy-efficient homes.
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Benefits
Flexible Work Hours
Company News
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.
In the first quarter of 2025, Fannie Mae said it reserved hundreds of millions of dollars for credit losses in part because of fraud or suspected fraud.