Can Fannie Mae help me?

Answer by  Chris48 (475)

The Federal National Mortgage Association or Fannie Mae is a government sponsored enterprise that purchases and securitizes mortgages. This is intended to stabilize the mortgage market. Fannie Mae's website offers advice for buying a home and refinancing a mortgage, but Freddie Mac offers more direct assistance.

Answer by  shaunhaines (131)

This is an awfully broad question! Fannie Mae can help you if your goal is getting a loan to pay for your education at a college or university. If you need your dishes done, Fannie Mae will not be much help at all.

Answer by  flamiss22 (5081)

It all depends on what you are asking them to do for you. Remember they also have strict rules and guidelines that you still have to qualify for so don't assume because it is owned by the goverment you will get a free pass or less stringent rules.

Answer by  Christopher2600 (108)

Fannie may is a government sponsored enterprise that buys and pools mortgage loans into mortgage backed securities. Typically the only people who get help from Fannie Mae are institutional investors.