Fannie Mae BPO (Broker Price Opinion) is a report prepared by a licensed real estate agent or broker to estimate the potential selling price or market value of a property. The purpose of Fannie Mae BPO is to provide an objective valuation of the property for Fannie Mae, a government-sponsored enterprise that supports the secondary mortgage market. Fannie Mae uses BPOs for various purposes, including loan origination, loan modification, foreclosure, and property disposition. It helps Fannie Mae determine the fair market value of a property to make informed decisions regarding mortgage financing, investment, and risk management.