Fannie Mae Reports Fourth-Quarter and Full-Year 2010 Results

WASHINGTON, February 24, 2011 - Fannie Mae (OTC Bulletin Board: FNMA) today reported its fourth-quarter
and full-year 2010 results and filed its annual report on Form 10-K with the
Securities and Exchange Commission. The filing provides consolidated
financial statements for 2010. The following documents are now available on
Fannie Mae's Web site at www.fanniemae.com:

    - News Release reporting fourth-quarter and full-year 2010 financial
      results
    - Fannie Mae's annual report on Form 10-K
    - 2010 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.

Janis Smith, Fannie Mae, +1-202-752-2078