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Fannie Mae: Difference between revisions
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{{Organization | |||
|OrganizationName=Fannie Mae | |||
|OrganizationType=Government-Sponsored Enterprises (GSEs) | |||
|Mission=To facilitate equitable and sustainable access to homeownership and quality, affordable rental housing across America by providing reliable, affordable mortgage financing. Fannie Mae supports liquidity, stability, and affordability in the mortgage market. | |||
|CreationLegislation=National Housing Act of 1934 (as part of the New Deal) | |||
|Employees=7400 | |||
|OrganizationExecutive=Chief Executive Officer | |||
|Services=Mortgage-backed securities; Mortgage loan purchasing; Housing finance programs | |||
|HeadquartersLocation=38.90452, -77.03498 | |||
|HeadquartersAddress=1100 15th Street NW, Washington, DC 20005 | |||
|Website=https://www.fanniemae.com | |||
}} | |||
{{Short description|Government-backed financial services company}} | {{Short description|Government-backed financial services company}} | ||
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]],<ref>{{Cite magazine| url=http://www.time.com/time/business/article/0,8599,1822766,00.html | archive-url=https://web.archive.org/web/20081006011833/http://www.time.com/time/business/article/0,8599,1822766,00.html | archive-date=October 6, 2008 | magazine=[[Time (magazine)|Time]] | first=Kate | last=Pickert | title=A Brief History of Fannie Mae and Freddie Mac | date=July 14, 2008}}</ref> the corporation's purpose is to expand the [[secondary mortgage market]] by [[securitization|securitizing]] [[mortgage loans]] in the form of [[mortgage-backed security|mortgage-backed securities]] (MBS),<ref name="FNMA-About FNMA"> | 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]],<ref>{{Cite magazine| url=http://www.time.com/time/business/article/0,8599,1822766,00.html | archive-url=https://web.archive.org/web/20081006011833/http://www.time.com/time/business/article/0,8599,1822766,00.html | archive-date=October 6, 2008 | magazine=[[Time (magazine)|Time]] | first=Kate | last=Pickert | title=A Brief History of Fannie Mae and Freddie Mac | date=July 14, 2008}}</ref> the corporation's purpose is to expand the [[secondary mortgage market]] by [[securitization|securitizing]] [[mortgage loans]] in the form of [[mortgage-backed security|mortgage-backed securities]] (MBS),<ref name="FNMA-About FNMA"> | ||
{{cite web | {{cite web | ||