Internship

Campus – Finance Program Intern

Flexible Hybrid

Posted on 8/16/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Social Impact
Financial Services

No H1B Sponsorship

Washington, DC, USA

Flexible hybrid work model.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Mergers & Acquisitions (M&A)
Requirements
  • Be authorized to work in the U.S. without sponsorship
  • Academic Achievement (preferred GPA of 3.0 or above)
Responsibilities
  • Contributing to analyses in making financial, acquisition, or other business decisions
  • Participating in audits of financial records, operating procedures, and internal controls for assigned business units
  • Gather data to prepare analyses, reports, and schedules to communicate to management and stakeholders
  • Assisting in coordinating the development and monitoring of key risk indicators

Fannie Mae operates in the U.S. housing finance system by purchasing mortgages from lenders, which helps provide them with the cash flow needed to offer more loans to consumers. The company buys mortgages from banks and financial institutions, holding some in its portfolio while packaging others into mortgage-backed securities (MBS) that are sold to investors. This process spreads risk and ensures a steady flow of capital back into the housing market, promoting homeownership and rental opportunities. Fannie Mae earns revenue through fees for guaranteeing MBS payments and from interest on its mortgage portfolio. The company aims to facilitate access to affordable housing and is recognized for its commitment to diversity, inclusion, and community service.

Company Stage

IPO

Total Funding

N/A

Headquarters

Washington, District of Columbia

Founded

1938

Simplify Jobs

Simplify's Take

What believers are saying

  • AI integration in underwriting reduces default rates, enhancing Fannie Mae's risk management.
  • Green mortgages align with Fannie Mae's mission for sustainable housing solutions.
  • Digital mortgage platforms improve application processes, boosting customer satisfaction.

What critics are saying

  • Desktop Underwriter 12.0 may cause delays if lenders resist new credit risk focus.
  • Labor shortages could challenge Fannie Mae's affordable housing initiatives.
  • Higher loan-to-value ratios in appraisal alternatives may increase financial risk.

What makes Fannie Mae unique

  • Fannie Mae's Desktop Underwriter 12.0 enhances credit risk assessment for mortgage approvals.
  • The MPF Program expands lending to Native Americans on tribal trust lands.
  • Fannie Mae's valuation modernization offers appraisal alternatives to streamline property value assessments.

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