Fannie Mae 2003 Annual Report Download - page 29

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27
FANNIE MAE 2003 ANNUAL REPORT
Because of Fannie Mae’s Mission.
“Our mission is to help put people into homes of their own wherever they live
throughout the country. We are all here as a team working to benefit people
regardless of race, gender, creed, age, sexual orientation — none of that matters
when you’re purchasing a home. And it doesn’t matter when you’re working
here at Fannie Mae.
for the borrower. One of the goals of our
expanded American Dream Commitment is
to help lenders reduce the cost of originating
a mortgage by an additional $500 and
enhancing the mortgage process to be more
efficient, more effective, and more transparent
for all borrowers.
If there were no Fannie Mae, there would
be a lot less homeownership. It would be a
privilege of the few instead of a right of us all.
I’m proud of what I do because I know I am
contributing to helping people get into homes.”
Why is the work important? We feel that
anybody who wants to own a home should
have that opportunity. And whatever way
Fannie Mae can help do that, we try. We
put liquidity into the mortgage market so
lenders can do their job of lending money
to potential homeowners. We could not do
what we do without our lender partners.
They are essential to us.
Our technology has helped to streamline
the entire mortgage process. What used to
take weeks takes minutes now. This saves
our lenders money that then lowers the cost