Fannie Mae
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Guest commentary Measures aim to avoid a repeat of mortgage-fraud crisis...trial started. </p><p> Since that trial three years ago, I have testified as an expert witness in several cases and have been invited to speak about appraisal fraud to the Justice Department, Fannie Mae, the FBI and other groups. </p><p>Today... In this article: FBI, Kansas City, Barack Obama, Federal Housing Administration, U.S. Department of Housing and Urban Development, Fannie Mae, Justice Department, and U.S. |
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washingtonpost.com | 1 day ago
Palestinians looking to American-style housing developments, financing
...gravitate to places such as Reston, Va. The developments are also relying on another American import, the home mortgage, including creation of a Fannie Mae-style institution for the West Bank. Though Israeli-Palestinian peace talks have...
In this article: DLA Piper, West Bank, United States, Aspen Institute, and Ramallah
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Sydney Morning Herald - Business | 3 days ago
US housing recovery in doubt
The jobless rate probably will peak at 10.4 per cent in 2010's first quarter, even as the US economy continues an expansion that began in the third quarter, said Douglas Duncan, chief economist of Fannie Mae, the largest mortgage financier.
In this article: US, Toll Brothers Inc., Moody's, New York, San Diego, and California
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WSJ.com: Markets | 5 days ago
Fannie, Freddie Woes Hurt Apartments
...able to: The deteriorating commercial real-estate market is hitting Fannie Mae and Freddie Mac, the housing-finance giants that were taken over by the U.S. last year after billions of dollars in losses on residential real estate. The firms,...
In this article: Freddie Mac, All rights reserved, Federal Housing Finance Agency, Manhattan, Tishman Speyer Properties, Harvard University, Fitch Ratings, and Lehman Brothers Holdings Inc.
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Washington Times | 3 days ago
Panel slams China's trade policies
...China holds nearly $800 billion in U.S. Treasury debt securities. China also holds more than $400 billion in debt issued by U.S. agencies including Fannie Mae and Freddie Mac. "If China continues to pursue huge trade and investment surpluses...
In this article: China, United States, Beijing, Treasury Department, Charles E. Schumer, Gary Locke, University of Maryland, and Freddie Mac
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PR Newswire: Financial | 22 hours ago
Fannie Mae Redemption
...accrued interest thereon to the date of redemption: Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in...
In this article: On the merits, NYSE, Washington, and U.S.
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BBC News | November 06, 2009
Fannie Mae asks for another $15bn
...as well as helping to cover its third-quarter losses. Rescue plan Fannie Mae and Freddie Mac buy mortgages from approved lenders then sell them to investors. Together, they underwrite more than half of all US mortgages, worth more...
In this article: US, Freddie Mac, Barclays Capital, US Treasury, and New York
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Description from Wikipedia:
The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression. The corporation's purpose is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers.
On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were being placed into conservatorship of the FHFA. The action is "one of the most sweeping government interventions in private financial markets in decades". , Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) owned or guaranteed about half of the U.S.'s $12 trillion mortgage market.
- Name:
- Federal National Mortgage Association (Fannie Mae)
- Type:
- Government-sponsored enterprise & Public company
- Location City:
- Washington, D.C.
- Founded:
- 1938
- Stock Symbol:
- FNM
- Key People:
- Mike Williams, CEO
- Revenue:
- US$ $51.7 billion for 2008
- Operating Income:
- US$ −5.1 billion for 2007
- Net Income:
- US$ −2.0 billion for 2007
- Assets:
- US$ 882.5 billion for 2007
- Equity:
- US$ 44.0 billion for 2007
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