Fannie Mae is working with lenders, loan servicing companies, and counselors to respond to the housing and mortgage market crisis. Our goal is to minimize the impact on families and communities by preventing foreclosures, supporting counseling efforts, and helping to stabilize the market by keeping affordable mortgage funds flowing to lenders and home buyers.

Many homeowners with subprime mortgages can qualify for a fixed-rate prime mortgage, especially if they have a 12-month clean payment history.  Enhancements to EA have made it more broadly available, and even more flexible with 40-year terms. And our Flexible 97® and Flexible 100 products remain a viable option for borrowers with good credit who seek a low down payment.