The purpose of Fannie Mae is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers.

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Fannie Mae was created by Congress to ensure a consistent flow of funds to institutions that lend money to home buyers. Fannie Mae purchases mortgages from these institutions, securitizes them, and then sells them to investors. This process provides more liquidity in the housing market and helps make homeownership more accessible to a wider range of people.

The Purpose of Fannie Mae Is to Purchase and Securitize