For the song, see Fannie Mae (song). For the Chicago-based confectionery, see Fannie May. For science fiction character, see Whipping Star.
"FNMA" redirects here. For the airport with this code, see Malanje Airport. For the Australian organisation, see First Nations Media Australia.
Fannie Mae
Fannie Mae's headquarters in Washington, D.C.
Company type
Government-sponsored enterprise and public company
Traded as
OTCQB: FNMA
Industry
Financial services
Founded
1938; 86 years ago (1938)
Headquarters
Washington, D.C., U.S.
Key people
Sheila Bair (chair)[1]
Priscilla Almodovar (CEO)
David C. Benson (president)
Products
Mortgage-backed securities
Revenue
US$29.735 billion (2022)
Net income
US$12.923 billion (2022)
Total assets
US$4.305 trillion (2022)
Total equity
US$60.277 billion (2022)
Number of employees
c. 8,000 (December 31, 2022)
Website
www.fanniemae.com
Footnotes / references [2]
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal,[3] the corporation's purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS),[4] allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts").[5] Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac.
In 2023, with over $4.3 trillion in assets, Fannie Mae is the largest company in the United States and the fourth largest company in the world, by assets.[6][7] Fannie Mae was ranked number 28 on the Fortune 500 rankings of the largest United States corporations by total revenue and was ranked number 75 on the Fortune Global 500 rankings of the largest global corporations by total revenue.[8][9]
^"Fannie Mae Names Sheila C. Bair as New Chair of the Board of Directors | Fannie Mae".
^"Federal National Mortgage Association 2022 Annual Report (Form 10-K)". February 14, 2023. Retrieved June 10, 2023.
^Pickert, Kate (July 14, 2008). "A Brief History of Fannie Mae and Freddie Mac". Time. Archived from the original on October 6, 2008.
^
"About Fannie Mae". Fendral National Mortgage Association. October 7, 2008. Archived from the original on October 26, 2008. Retrieved October 28, 2008.
^Fabozzi, Frank J.; Modigliani, Franco (1992), Mortgage and Mortgage-backed Securities Markets, Harvard Business School Press, p. 2, ISBN 0-87584-322-0
^"Fortune Global 500". Fortune. Retrieved December 2, 2023.
^"Fortune 500". Fortune. Retrieved December 2, 2023.
^"Fannie Mae". Fortune. Retrieved June 10, 2023.
^"Fortune Global 500". Fortune. Retrieved December 2, 2023.
The Federal National Mortgage Association (FNMA), commonly known as FannieMae, is a United States government-sponsored enterprise (GSE) and, since 1968...
announced that it would take over the Federal National Mortgage Association (FannieMae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored...
III announced he had put FannieMae and Freddie Mac under the conservatorship of the FHFA (see Federal takeover of FannieMae and Freddie Mac). The action...
leading up to the September 11 attacks, and also served as Vice Chairman of FannieMae. Gorelick was born in Brooklyn, New York City to Leonard and Shirley Gorelick...
HOUSING GOALS FOR FANNIEMAE AND FREDDIE MAC". Labaton, Stephen (September 11, 2003). "New Agency Proposed to Oversee Freddie Mac and FannieMae". The New York...
primarily resides with other insuring government agencies. Ginnie Mae is similar to FannieMae (Federal National Mortgage Association) and Freddie Mac (Federal...
Maryland's office of child welfare, and the founding president of the FannieMae Foundation. During the Clinton administration, she served as counselor...
policies were a primary cause of the crisis, mainly in the context of steps FannieMae and Freddie Mac took to compete with aggressive private sector competition...
corporate culture. Her compensation at FannieMae was not disclosed when she was hired. She served as FannieMae's executive vice president, general counsel...
FannieMae Clackum (June 10, 1929 – August 16, 2014) was the first person to successfully challenge her discharge on the grounds of homosexuality from...
Daniel H. Mudd (born 1958) is the former president and CEO of FannieMae, a post he held from 2005 to 2008, and more recently for 2+1⁄2 years, the CEO...
FannieMae Duncan (1918-2005) was an African-American entrepreneur, philanthropist, and community activist in Colorado Springs, Colorado. She is best known...
colloquially known as FannieMae, gave the appearance of setting the appropriate tone at the top, its actual conduct fell short. In 2004, FannieMae was investigated...
receivership or conservatorship. In its role as regulator, it regulates FannieMae, Freddie Mac, and the 11 Federal Home Loan Banks (FHLBanks, or FHLBank...
and lawyer who was the president and chief executive officer (CEO) of FannieMae from 2016 to 2019. Following the collapse of Silicon Valley Bank in March...
commonly known as FannieMae, who served as White House budget director under President Bill Clinton. His role leading FannieMae has come under scrutiny...
Priscilla Almodovar is the chief executive officer of FannieMae. Almodovar joined FannieMae as its first female chief executive officer in 2022. Almodovar...
purchased another $5 million in stock. FannieMae Farm Credit System Freddie Mac Ginnie Mae Sallie Mae "FannieMae, Meet Farmer Mac". New York Times. 3...
the Chairman of the Senate Budget Committee Kent Conrad and the head of FannieMae Jim Johnson received mortgages on favorable terms due to their association...
loan is a mortgage loan that both meets the underwriting guidelines of FannieMae and Freddie Mac (the Enterprises or GSE) and that does not exceed the...
like Vodafone in 2014 (disposal of its interest in Verizon Wireless) or FannieMae in 2013 (benefit for federal income taxes). This list has all global annual...
number of senior communications positions in the U.S. Treasury Department, FannieMae, and the White House. Among her posts in the Bush White House, Michele...
CRA-eligible loans, FannieMae committed to purchase and securitize $2 billion of "MyCommunityMortgage" loans. In November 2000 FannieMae announced that the...
Global Information
US$29.735 billion (2022)
US$4.305 trillion (2022)