|
|
| Home » Fannie Mae |
|
|
Fannie Mae |
Fannie Mae History
Fannie Mae or Federal National Mortgage Association (FNMA) is a government-sponsored enterprise (GSE) chartered by the Congress in 1968. It was originally founded in 1938 during the Great Depression that shaken the economy of the western nations. The main purpose of the corporation is to provide liquidity, affordability and stability to the housing and mortgage market of the United States. They purchase and securitize mortgage products thereby ensuring that funds are always available to the financial institutions that lend home loans to the home buyers in the country.
Fannie Mae Bailouts
Fannie Mae operates in the secondary mortgage market of the US by offering bailouts and stock shares to the potential lenders and bankers. They do not lend home loans directly to the borrowers and home buyers. Instead, they work with mortgage brokers, bankers and many other primary mortgage market partners to help them ensure that they have funds to offer to home buyers in the nation at affordable interest rates. Fannie Mae fund their mortgage investments by using debt securities in domestic as well as international capital markets.
|
|
|
Fannie Mae Careers
The corporation has three main businesses namely Single-Family, Housing and Community Development and Capital Markets. With these businesses, they work to fulfill the company's mission of increasing the amount of available funds to make rental housing and homeownership more affordable in the country.In addition, they provide several services and products to mortgage lenders and a wide range of housing partners. Fannie Mae also offer a number of career options for talented individuals to enter the real estate industry. They play a big role in the stock market of the US.
Fannie Mae Address
James Lockhart, director of the Federal Housing Finance Agency (FHFA) has appointed FHFA as the conservator of Fannie Mae. The U.S. Department of Treasury has further agreed to offer up to $200 billion in order to ensure that the company goes on providing liquidity into the housing and mortgage markets. Fannie Mae is headquartered in Washington D.C. and Mike Williams is the chief executive officer of the corporation. According to the estimate taken in 2008, they earn a staggering revenue of $51.7 billion.
|
| |
| Fannie Mae | Visit the official website of Fannie Mae to get the latest info on the financial undertakings made by the enterprise. They have implemented refinancing and mortgage modification initiatives to help the homeowners in the US.
WebSite:http://www.fanniemae.com/ |
| |
| Morningstar | Morningstar offer reliable details on the stock features of Fannie Mae. Log on to the website of the company to get further details on their services.
WebSite:http://quote.morningstar.com/Quote/Quote.aspx?ticker=FNM |
|
|
|
|
