Fannie Mae
Privatefinancial services
Founded
1938
HQ
Northwest
About
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) that has been a publicly traded company since 1968. Founded in 1938 during the Great Depression as part of the New Deal, the corporation was established to expand the secondary mortgage market. It does this by securitizing mortgage loans into mortgage-backed securities (MBS), which allows lenders to reinvest their assets into additional lending. This process effectively increases the number of mortgage lenders by reducing reliance on local savings and loan associations. Its sister organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac.
In The News
Fannie Mae officials ousted after sounding alarm on sharing confidential data
Fannie Mae Unix Engineer Gets 41 Months for Planting Logic Bomb
An insider's explanation of the Fannie Mae Meltdown
U.S. preparing IPO for Fannie Mae and Freddie Mac later this year
Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1M as Prices Soar
Open Positions(0 roles)
No open positions at the moment. Check back soon!
Browse all remote jobs →Vibe Scores
Community ratings from people who've worked here.
No ratings yet. Be the first to rate this company!