Federal National Mortgage Association · Washington, DC United States ·(NYSE: FNM)
Company Description
Phone: 202-752-7000
Rankings
- #354 in FT Global 500
- #112 in FORTUNE 500
View Federal National Mortgage Association Locations On A US Map
This link will open in a new window
The Federal National Mortgage Association, or Fannie Mae, has helped more than 50 million low- to middle-income families realize the American Dream. Like its brother Freddie Mac , the government-supported enterprise (GSE) provides liquidity in the mortgage market by buying mortgages from lenders and packaging them for resale, transferring risk from lenders and allowing them to offer mortgages to those who may not otherwise qualify. The company owns or guarantees about $3.1 trillion in home loans, or more than a quarter of all outstanding mortgages in the US. Due to losses caused largely by the subprime mortgage crisis, the federal government seized both Fannie and Freddie in September 2008. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Federal National Mortgage Association Financials
| Company Type | Public - NYSE: FNM Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | -$11,689.0 |
| 2007 Employees | 5,700 |
Federal National Mortgage Association Executives
34 executives listed for Federal National Mortgage Association's Washington, DC location.
| Title | Name & Bio | Contact |
| Chairman | Philip Laskawy | Network |
| President, CEO, and Director | Michael Williams | Network |
| EVP Operations and Technology | Edward Watson | Network |
Competition
Competitive Landscape for Federal National Mortgage Association
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top Federal National Mortgage Association Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
