Priorities and Progress Report

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Priorities and Progress Report

2012 Progress Report2012 Progress Report

Fannie Mae's 2012 Progress Report drills down into the progress our company made by paying taxpayers, improving the housing finance system‚ and making a difference in people's lives. For example:

  • Fannie Mae provided $3.3 trillion in mortgage credit between 2009 and 2012 that enabled millions of families to buy‚ refinance‚ or rent a home.
  • We improved the housing finance system by establishing and implementing industry standards‚ developing better tools to price and manage credit risk‚ building new infrastructure to ensure a liquid and efficient market‚ and facilitating the collection and reporting of data for accurate financial reporting and improved risk management.
  • We helped families avoid foreclosure – more than 1.2 million between 2009 and 2012. We worked with mortgage servicers to reach at-risk homeowners early‚ helping them stay in their homes.
  • We took actions to improve our financial performance‚ build a profitable new book of business‚ and reduce losses on our legacy book. In 2012‚ we reported $17.2 billion in net income‚ then the largest net income in the company’s history. Our profits go back to taxpayers.

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2011 Mission Report2011 Mission Report

Fannie Mae's 2011 Mission Report illustrates the company's efforts to provide liquidity to the housing market, help struggling homeowners, and create a sustainable housing finance system for the future. For instance, in 2011 Fannie Mae:

  • Guaranteed or purchased approximately $653 billion in loans, enabling lenders to finance more than 2.6 million single-family conventional loans and loans for 423,000 units in multifamily properties.
  • Completed more than 328,000 single-family loan workouts to help struggling homeowners avoid foreclosure.
  • Sold nearly 244,000 Fannie Mae single-family foreclosed properties, helping to stabilize neighborhoods and home values while minimizing taxpayer losses.

These and other examples of our work in 2011 and since we entered conservatorship in 2009 are detailed in the report.

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2010 Mission Report
2010 Mission Report

Fannie Mae's 2010 Mission Report describes the company's efforts to provide liquidity, stability, and affordability to the nation's mortgage finance market. Some of the highlights of the report include our efforts to help:

  • 2.1 million homeowners refinance their mortgages into more sustainable loans.
  • 599,000 borrowers buy homes.
  • More than 500,000 homeowners avoid foreclosure.
  • Support the rental housing market through $17 billion in multifamily financing – in 2010, 91% of the multifamily units that Fannie Mae financed were affordable to families earning at or below the median income in their area.
  • Prevent foreclosures, strengthen communities, and address homelessness through more than 69,000 employee volunteer hours.

 

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Mission Report 2009
2009 Mission Report

“Helping Housing Recover: A Report on Fannie Mae's Mission Performance” describes the company's efforts in 2009 to provide liquidity, stability, and affordability to the nation's housing finance system. The report cites $823.6 billion in funding the company provided to help keep the single-family and multifamily mortgage markets operating. The report also notes that the company enabled 1.7 million low- and moderate-income families to obtain affordable housing in 2009, and helped more than 160,000 struggling borrowers with Fannie Mae-owned loans keep their homes through loan modification or other loan assistance.

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