Founded in 1938, Fannie Mae provides to the mortgage market. It is a publicly traded corporation that is authorized to make loans and loan guarantees. The company s business consists of three segments that include single-family credit guaranty, housing and community development and capital markets that work together to provide services, products and solutions to its lender customers and a range of housing partners. Fannie Mae has a federal charter and operates in America s secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to homebuyers at low rates. It charges a guarantee fee on loans that have securitized into mortgage-backed security bonds. Fannie Mae also helps in financing affordable housing and community development projects by working with local, state and national housing partners. It has more than 5,500 employees. Headquartered in Washington, D.C., Fannie Mae has regional offices located in Chicago, Dallas, Philadelphia, Atlanta and Pasadena, Calif.