Fannie Mae (FNMA) is a GSE (Government Sponsored Entity) that specializes in purchasing and securitization of mortgage loans.  Fannie Mae originates conforming loans  that have better credit quality and underwriting standards.  The sub-prime mortgage crisis and its ugly offspring, foreclosures, have contributed to a significant increase in the number of REOs at major lenders including Fannie Mae.

Investors can regularly follow the Fannie Mae REO listings  and find great bargains on residential properties. The search on the site is very straightforward and easy to use.