Update on Fannie Mae's Response to COVID-19
As the situation around COVID-19 continues to evolve, we recognize that these are unprecedented times. First and foremost, our thoughts are with you, your employees, and your families. Here at Fannie Mae, we've put policies in place to help keep our people healthy and keep our business open so we can deliver for our customers, the housing market, and the broader economy.
Our COVID-19 task force is actively monitoring and analyzing the current situation and continuing to help ensure a safe and sound housing market. We have implemented our resiliency plans and all essential functions are fully operational. Employees are now working remotely over our stress-tested network.
- We are fully operational and here to support the markets.
- Capital Markets desks continue to provide liquidity to lender customers through the trading of MBS and through the acquisition of loans.
- Risk Management teams are actively working with sellers/servicers to ensure they have the guidance and tools they need to support borrowers in light of the current environment
We will continue to support our customers by remaining focused on our mission to provide liquidity to the market to minimize risk in this volatile market.
Our COVID-19 task force will continue to work closely with experts from the Centers for Disease Control and Prevention, the World Health Organization, and local agencies. We'll provide up-to-date guidance to our employees so that they're able to serve you while adhering to our corporate internal business continuity plans. We'll stay in constant communication with the Federal Housing Finance Agency to address any potential impacts to our employees and business operations.
For more information on our COVID-19 resiliency strategies, visit https://www.fanniemae.com/portal/covid-19.html