Federal National Mortgage Association
News and overview for Federal National Mortgage Association
The week ahead: Convention Calendar
Salt Lake Tribune (Utah), The | 35 days 2 hours 17 minutes ago
Convention Calendar Today National Association of Charter School Authorizers
Long-term mortgage rates edge higher - MarketWatch
MarketWatch | 32 days 2 hours 32 minutes ago
The benchmark 30-year, fixed-rate mortgage moved up to a national average 5.0% from 4.92% a week earlier. A year ago the rate averaged 6.04%. The 15-year fixed loan, a popular refinancing choice, rose to 4.43% from 4.37%. A year ago the 15-year stood at 5.72%
October home sales rise 10.1% from September
Detroit Free Press | 8 minutes ago
WASHINGTON Home sales far exceeded expectations last month, surging to the highest level in 2?1/2? years as first-time buyers rushed to take advantage of an expiring tax credit.The National Association of Realtors said today that home resales rose 10.1% to a seasonally adjusted annual rate of 6.1 million in October, from a downwardly revised pace of 5.54 million in September.The tax credit of up to $8,000 for first-time owners was originally set to run out on Nov.
October home sales rise 10.1%
Honolulu Advertiser, The | 20 minutes ago
WASHINGTON Home sales far exceeded expectations last month, surging to the highest level in 2.5 years as first-time buyers rushed to take advantage of an expiring tax credit.
U.S. Mortgage Backer May Need Bailout, Experts Say
CNBC | 45 days 1 hour 32 minutes ago
A year after Fannie Mae and Freddie Mac teetered, industry executives and Washington policy makers are worrying that another government mortgage giant could be the next housing domino.
U.S. home sales surge
Globe and Mail (Toronto), The | 39 minutes ago
Rise 10.1% in September, highest level in 21/2 years
October home sales rise, far exceeding expectations
Spokesman-Review (Spokane, Wash.), The | 49 minutes ago
WASHINGTON Home sales far exceeded expectations last month, surging to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.
October home sales up 10.1 percent, beating expectations as tax credit spurs sales
Star Tribune (Minneapolis-St. Paul, Minn.) | 54 minutes ago
WASHINGTON - Home sales far exceeded expectations last month, surging to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.
Tax Credit Helps Boost Home Sales 10.1 Percent by The Associated Press
National Public Radio | 1 hour 3 minutes ago
Home sales far exceeded expectations last month, surging to the highest level in 2½ years as first-time buyers rushed to take advantage of an expiring tax credit.
Home sales likely rose again in October
Salt Lake Tribune (Utah), The | 1 hour 56 minutes ago
Washington Home resales for October are projected to rise to the highest level in more than two years as first-time buyers, anticipating that a tax credit would soon expire, rushed to beat the clock.
FHA s shrinking reserves worry policymakers
Chattanooga Times Free Press (Tenn.) | 45 days 5 hours 51 minutes ago
By DAVID STREITFELD and LOUISE STORY c.2009 New York Times News Service A year after Fannie Mae and Freddie Mac teetered, industry executives and Washington policymakers are worrying that another government mortgage giant could be the next housing domino.
Home sales likely rose again in October -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 4 hours 3 minutes ago
WASHINGTON (AP) — Home resales for October are projected to rise to the highest level in more than two years as first-time buyers, anticipating that a tax credit would soon expire, rushed to beat the clock.
F.H.A. Problems Raising Concern of Policy Makers
New York Times, The | 45 days 13 hours 50 minutes ago
A year after Fannie Mae and Freddie Mac teetered, industry executives and Washington policy makers are worrying that another government mortgage giant could be the next housing domino.
SmartMoney
Wall Street Journal, The | 20 days 22 hours 50 minutes ago
Congress is working on a new and even more generous set of perks for house buyers
REAL ESTATE NOVEMBER 2, 2009, 12:56 P.M. ET SmartMoneyFive Reasons the U.S. Doesn't Need More Home-Buyer Perks
Barron's (subscription required) | 20 days 22 hours 34 minutes ago
Congress is working on a new and even more generous set of perks for house buyers
Company Overview
| Company: | Federal National Mortgage Association |
|---|---|
| Industry: | Mortgage Banking & Related Services |
| Website: | http://www.fanniemae.com |
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.
Key Numbers
| Sales in U.S. Dollars (mil.) | -11,689 (2008) |
|---|---|
| One-year % Growth in Sales | 0.0 (2008) |
| Net Income in U.S. Dollars (mil.) | -58,298 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 5,700 (2007) |
| One-year % Growth in Number of Employees | -13.6 (2007) |
| Fiscal Year-End | December |