房利美是美国住房
抵押贷款的最大来源。该
公司成立于1938年，是一家政府支持的
上市企业，主要目标是使美国中低
收入家庭更容易获得房屋贷款。房利美并非直接向购房者提供贷款，而是通过向贷款机构买进按揭(
抵押贷款)
资产或是提供信贷
担保服务，来促进
抵押贷款
市场的资金供给。若是直接从贷款机构手中买入
抵押贷款，房利美会将这些
资产当作其
投资组合的一部分，这称为
投资组合业务(portfolio business)。 而其信贷
担保业务(credit guarantee business)则是协助贷款机构将按揭
资产转为
按揭证券(
MBS)：房利美在检查贷款机构提供的
抵押贷款后，将贷款集中、包装成一个组合，为其提供信贷
担保，收取
担保费。贷款机构以经
担保的贷款组合发行的
MBS，
市场称之为
Fannie Mae’s
MBS。房利美通过发行企业债来筹措购买贷款的资金。
网址：www.fanniemae.com
Synonyms: Federal National Mortgage Association, FNMA
A stockholder-owned corporation that was established in 1938 and is sponsored by the US Government. The FNMA's main purpose is to increase the affordability of home mortgage funds for low-, moderate- and middle-income buyers and it is the largest source of home mortgage funds in the United States. Fannie Mae provides funds to the mortgage market primarily by buying mortgages from mortgage originators. These are then held in an investment portfolio or pooled for FNMA members. Purchases are financed by the sale of corporate obligations to private investors.
www.fanniemae.com
