The charter for The Federal National Mortgage Association (Fannie Mae), established by Congress in 1938, was expanded in 1984 when it formed its multifamily commercial lending business. Since 1987, Fannie Mae has been an active purchaser of multifamily mortgage loans. We affirmed our overall ABOVE AVERAGE rankings on Fannie Mae as a commercial master and special servicer. The outlook on the rankings is stable. NEW YORK (S&P Global Ratings) Jan. 20, 2021--S&P Global Ratings today affirmed its ABOVE AVERAGE rankings on Fannie Mae as a commercial mortgage loan master and special servicer. The outlook on each ranking is stable. Our rankings reflect Fannie Mae's: Solid depth and breadth of management and staff, with significant industry experience and meaningful company tenure;
