Who owns Fannie Mae?

Fannie Mae, officially known as the Federal National Mortgage Association, is a government-sponsored enterprise (GSE) that operates in the secondary mortgage market. While initially created by the government, it was transformed into a publicly traded company in 1968. This means that Fannie Mae is owned by shareholders, including both institutional and individual investors, who hold shares of its stock.

The significance of Fannie Mae's ownership structure lies in its role in supporting the housing market and providing liquidity, stability, and affordability to the mortgage lending process. By being publicly traded, it allows private investors to own a stake in the organization, although its operations are closely regulated by the government.

The other answer choices represent entities or ownership structures that do not align with how Fannie Mae is organized. The government has influence and oversight but does not directly own it; thus, the characterization of Fannie Mae as a government entity is not accurate in terms of ownership. Similarly, private investors, while they may play a role in the market, do not own Fannie Mae, as its shares are primarily held by shareholders in a publicly traded manner. Lastly, real estate developers are not involved in the ownership of Fannie Mae; their focus is typically on developing or managing