 | |
.jpg) Fannie Mae's headquarters in Washington, D.C. | |
| Company type | Government-sponsored enterprise and public company |
|---|---|
| OTCQB: FNMA | |
| Industry | Financial services |
| Founded | 1938 |
| Headquarters | Washington, D.C., U.S. |
Key people |
|
| Products | Mortgage-backed securities |
| Revenue |  US$29.048 billion (2023) |
 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 | www |
| 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]
- ^ "Federal National Mortgage Association 2023 Annual Report (Form 10-K)". February 15, 2024. Retrieved August 5, 2024.
- ^ Pickert, Kate (July 14, 2008). "A Brief History of Fannie Mae and Freddie Mac". Time. Archived from the original on October 6, 2008.
- ^ "About Fannie Mae". Fendral National Mortgage Association. October 7, 2008. Archived from the original on October 26, 2008. Retrieved October 28, 2008.
- ^ Fabozzi, Frank J.; Modigliani, Franco (1992), Mortgage and Mortgage-backed Securities Markets, Harvard Business School Press, p. 2, ISBN 0-87584-322-0
- ^ a b c "Fortune Global 500". Fortune. Retrieved August 5, 2024.
- ^ a b c "Fortune 500". Fortune. Retrieved August 5, 2024.