As of 2015, Fannie Mae owns over half of all mortgage loans in the United States, according to HUDForeclosed.com. Since Fannie Mae purchases mortgage loans from direct lenders, the agency holds the rights to the loans and the properties backing the loans. Therefore, when borrowers default on their mortgage payments, Fannie Mae holds the rights to foreclose on the properties.
Fannie Mae’s primary purpose is to promote homeownership and make