Fannie Mae is a government sponsored company that buys and sells home mortgages. Fannie Mae provides financial products and services that make it possible for low-, moderate-, and middle-income families to buy homes of their own. Fannie Mae does not lend money directly to consumers. Instead, they work with mortgage lenders to make sure they have money to lend. Lenders who work with Fannie Mae have a broad array of mortgages to offer consumers, including reverse mortgage products.

In fact, Fannie Mae is the primary purchaser of reverse mortgage fund for HUD’s home equity conversion (HECM) mortgage. In addition, they offer their own proprietery reverse mortgage program known as the “Home Keeper”.

OFHEO - Office of Federal Housing Enterprise Oversight

Reverse Mortgage System Tested by Hurricanes

HECM Rates Rise Slightly

Reverse Mortgage Rates (2/5/07)

Rates on Reverse Mortgages Drop (11/06/06)