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Company

Fannie Mae
3900 Wisconsin Ave NW
Washington,  DC  20016-2892
United States
Telephone: (202) 752-7000
URL: http://www.fanniemae.com
Email: info@fanniemae.com

Fannie Mae, established by the U.S. government in 1938, is a shareholder-owned company that promotes the flow of mortgage money to lenders and communities. The agency was authorized to buy mortgages that were insured by the Federal Housing Administration (FHA), increasing the supply of lendable money. After the Second World War, it also handled Veterans Administration mortgages. The organization operates under a congressional charter, established in 1954, that focuses on making home buying more affordable for low-, moderate-, and middle-income citizens. Fannie Mae operates only in the secondary mortgage market. The 1968 Charter Act split the agency into the Ginnie Mae and Fannie Mae units. Ginnie Mae operates as a federal agency. Fannie Mae now operates as a government-sponsored private corporation. Following the restructuring, the company began purchasing mortgages beyond traditional government loan limits. It has operated a credit guaranty business since 1981. Fannie Mae is listed on the New York Stock Exchange under the FNM symbol. It also is listed on Standard & Poor's 500 Composite Stock Price Index.

Org. Type: Corporation Equity Type: Public
Company Status: Active Date Founded: 1938
Symbol: NYSE:FNM

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