Fannie Mae Company Description
The Federal National Mortgage Association, or Fannie Mae, has helped more than 50 million low- to middle-income families realize the American Dream. A public company operating under federal charter, it is the US's #1 source for mortgage funding, financing one of every five home loans. The firm, like brother Freddie Mac, 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. As with its private-industry cohorts, the company was hit hard by the subprime mortgage crisis of 2007 and had to be rescued by the Federal Reserve.
View the Comprehensive Company Description for Fannie Mae
The Company Description provides a historical perspective of Fannie Mae's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Fannie Mae's evolution in the marketplace.
