Fannie Mae

Fannie Mae

Fannie Mae's headquarters in Washington, D.C.
Company type	Government-sponsored enterprise and public company
Traded as	OTCQB: FNMA
Industry	Financial services
Founded	1938; 86 years ago (1938)
Headquarters	Washington, D.C., U.S.
Key people	Michael J. Heid (Chairman) Priscilla Almodovar (CEO and President)
Products	Mortgage-backed securities
Revenue	US$29.048 billion (2023)
Net income	US$17.408 billion (2023)
Total assets	US$4.325 trillion (2023)
Total equity	US$77.682 billion (2023)
Number of employees	c. 8,100 (December 2023)
Website	fanniemae.com
Footnotes / references [1]

The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal,^[2] the corporation's purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS),^[3] allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts").^[4] Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac.

In 2024, with over $4.3 trillion in assets, Fannie Mae is the largest company in the United States and the fifth largest company in the world, by assets.^[5][6] Fannie Mae was ranked number 27 on the Fortune 500 rankings of the largest United States corporations by total revenue and was ranked number 58 on the Fortune Global 500 rankings of the largest global corporations by total revenue.^[5][6] In terms of profit, Fannie Mae is the 15th most profitable company in the United States and the 33rd most profitable in the world.^[5][6]