Federal National Mortgage Association is a government-sponsored company, which engages in the provision of access to affordable mortgage credit and indirectly enables families to buy, refinance or rent homes.
It operates through the following segments: Single-Family Credit Guaranty, Multifamily, and Capital Markets.
The Single-Family segment involves in the guaranty fees on the mortgage loans underlying guaranteed single-family Fannie Mae mortgage-backed securities.
The Multifamily segment includes guaranty fees on the mortgage and on the multifamily mortgage loans.
The Capital Markets segment offers mortgage loans, mortgage-related securities, and investments.
The company was founded in 1938 and is headquartered in Washington, DC.