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February 18, 2009 Confidential - Internal Distribution Month Year Presentation Title Goes Here Fannie Mae Update—Approaches to Financing in a Changing Market Wendy WoodDirector, Credit Policy February 18, 2009 Approaches to Financing in a Changing Market Supporting Fannie Mae’s mission: Provide stability, liquidity, and affordability to the nation’s housing system Streamlined refinance options New homeownership opportunities: HomePath? Mortgage for purchase of Fannie Mae homes Return to fundamentals Revised eligibility and underwriting guidelines Updated home-buyer education and counseling p