Fannie Mae Reports First-Quarter 2011 Results

WASHINGTON, May 6, 2011 - Fannie Mae (OTC Bulletin Board: FNMA) today reported its first-quarter
2011 results and filed its quarterly report on Form 10-Q with the Securities
and Exchange Commission. The filing provides condensed consolidated financial
statements for the first quarter of 2011. The following documents are now
available on Fannie Mae's Web site at www.fanniemae.com:

    - News Release reporting first-quarter 2011 financial results
    - Fannie Mae's quarterly report on Form 10-Q for the quarter ended
      March 31, 2011
    - First-Quarter 2011 Credit Supplement

Fannie Mae exists to expand affordable housing and bring global capital
to local communities in order to serve the U.S. housing market. Fannie Mae
has a federal charter and operates in America's secondary mortgage market to
enhance the liquidity of the mortgage market by providing funds to mortgage
bankers and other lenders so that they may lend to home buyers. Our job is to
help those who house America.

Pete Bakel, +1-202-752-2034