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The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company.
To do business with Fannie Mae, lenders must now have a net worth of at least $2.5m -- 10 times the previous required net worth -- plus a dollar amount equal to 0.25% of the outstanding principal balance of any Fannie Mae portfolio it services.annie Mae (FNM) updated its eligibility requirements for lenders wanting to sell and service residential first mortgages, according to the new selling guide released Friday.