Fannie Mae

Washington, District of Columbia, United States
Washington United States
Employees:
7,000
Market Cap:
$2.78 billion
Revenue:
$22.44 billion
5 Year Trend:
10.2%
Net Income:
$12.88 billion
Founded:
1938

The Federal National Mortgage Association, commonly known as Fannie Mae, is a United States government-sponsored enterprise and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, the corporations purpose is to expand the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities, 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. Wikipedia

Fannie Mae
Washington, District of Columbia, United States
Washington United States
Employees:
7,000
Market Cap:
$2.78 billion
Revenue:
$22.44 billion
5 Year Trend:
10.2%
Net Income:
$12.88 billion
Founded:
1938

The Federal National Mortgage Association, commonly known as Fannie Mae, is a United States government-sponsored enterprise and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, the corporations purpose is to expand the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities, 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. Wikipedia

65 jobs at Fannie Mae

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