Presentation

1

Technology Initiatives Fannie Mae --Mortgage Bankers AssociationTechnology ConferenceLuiz de ToledoSenior Vice President

March 2009

2March 2009 | Confidential - Internal Distribution

Agenda

Corporate Priorities

IT Priorities

IT Innovation□ Single Family

□ Multifamily

□ Credit Loss Management

HASP

3March 2009 | Confidential - Internal Distribution

Fannie Mae – Corporate Priorities

2008 FocusCapital ManagementCredit Loss ManagementCredit Risk Management

Conservatorship Financial Crisis

2009 FocusMarket LiquidityForeclosure PreventionEnterprise Risk ManagementProductivity Enhancements/ Efficiency

4March 2009 | Confidential - Internal Distribution

IT Priorities: “Getting Fit”…

OrganizationalDesign

Better alignment of Business and TechnologyNew “shared services” to reduce complexity.

Increase standardization and reduce costsTighter governance around processes and controls

Reduction of Complexity

Investment Portfolio

Management

Integrated ‘data services”Centralized systems architecture “Buy” vs “Build” preferenceMore modular; re-usable components

More granular classificationGreater transparency to Business “Consumer” vs “producer” views

5March 2009 | Confidential - Internal Distribution

IT Priorities: “Getting Fit”…(cont’d)

Resource Management

Improved mix of internal vs external resourcesGreater transparencyCentralized procurement

Cost Management

Infrastructure Rationalization

Productivity enhancementsTotal Cost of Ownership (“TCO”) utilizationGreater transparency

Servers virtualization Improved asset utilizationExtended asset life

6March 2009 | Confidential - Internal Distribution

Recent Innovations in Single-Family

Servicer and Investor

Reporting (SIR)

February 2009 launch20 yr old mainframe/legacy system replacementEnables daily capture of servicer activity “Foundation” for future implementations

Desktop Underwriter®

(DU®)

eMortgage

eNote interest and deliveries remain strongOver 30,000 paperless eNotes purchased in 2008 Introduced electronic signing and eDelivery

efficiencies to support the loss mitigation efforts

DU Refi Plus™ April and May implementations Supports Home Affordable Refinance initiativeLeverages operational efficiencies, allowing lenders

to expand capacity and speed up the refi process

7March 2009 | Confidential - Internal Distribution

Recent Innovations in Multifamily

HCD Information Exchange

Commitment & Delivery (C&D)

Eases the exchange of property inspections and operating statements between Fannie Mae and our partners

Allows our partners to use the format most appropriate for their inspection process

Automates the reporting process for Structured Facilities

Reduces time and effort required to submit data with convenient features (drop downs, upload, etc.)

Increases lender transparency into processing status of transactions

Expands portfolio of products eligible for securitization

8March 2009 | Confidential - Internal Distribution

Recent Innovations in Credit Loss Management

Delinquency/ Default

Management

Continuous enhancements to HSSN/DARTS□ “SMP”, “HSA” processing

□ Bulk uploads

Automation of workflow rules

Loan Reviews/ QC

REO Management

Continuous enhancements and automation of QAS □ Workflow and uploads

□ Imaging and document retention

Ease of integration with third-party outsourcers

Continuous enhancements to TRAX□ Throughput/volume/capacity enhancements

Greater uptime and response times

9March 2009 | Confidential - Internal Distribution

Refi PlusTM - New Refinance option for Fannie Mae loans allowing up to 105% LTV□ Systems enhancements under development:

• Loan identification “look up” for consumers• DU update for DU Refi PlusTM

• Volume/capacity enhancements□ Process/support to lenders

Modifies loan terms to more affordable payment; replaces Streamlined Modification Program (SMP)□ Systems enhancements under development:

• “SMP”-like modification processing/capture• Servicer incentive payments• Borrower pay-for-performance success payments• Net present value tools

Process/support to servicers

Our Focus: Making Home Affordable (President’s Homeownership Affordability and Stability Plan)

Home Affordable Refinance

Home Affordable

Modification