Federal National Mortgage Association
News and overview for Federal National Mortgage Association
AllRegs and Mortech Named Mortgage Technology Magazine s 2009 Synergy Award Winner [Press Release]
Business Wire | 39 days 5 hours 11 minutes ago
AllRegs, the leading information provider for the mortgage industry, and Mortech, a mortgage technology software company specializing in daily pricing, product decisioning and lead management, were proudly named the winners of the 2009 Mortgage Technology Magazine Synergy Award in a ceremony on October 11, 2009.
Federal Home Loan Bank of Atlanta Announces Results of 2009 Board of Directors' Election [Press Release]
PRNewswire | 20 days 18 hours 22 minutes ago
...Pursuant to applicable Federal Housing Finance Agency...joined IDB-IIC Federal Credit Union as vice...Advisory Council and the National Association of Homebuilders' Mortgage Roundtable. Strickland...a director of the Federal Reserve Bank of Richmond...
October home sales rise 10.1%
Honolulu Advertiser, The | 23 hours 14 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.
AllRegs and LoanSifter Announce Integrated Solution for Mortgage Industry [Press Release]
Business Wire | 43 days 3 hours 12 minutes ago
AllRegs, the leading information provider for the mortgage lending industry, and LoanSifter, a provider of web-based loan product eligibility and pricing tools, have combined resources to provide an integrated solution for loan officers, mortgage bankers and secondary departments.
U.S. home sales surge
Globe and Mail (Toronto), The | 23 hours 33 minutes ago
Rise 10.1% in September, highest level in 21/2 years
AP State News
Sacramento Bee (Calif.), The | 1 day 3 hours 55 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.
AP State Business News
Sacramento Bee (Calif.), The | 1 day 3 hours 55 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.
Wire Business News
Sacramento Bee (Calif.), The | 1 day 3 hours 55 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.
Business
Sacramento Bee (Calif.), The | 4 days 7 hours 56 minutes ago
Say goodbye, finally, to hopes of extending that $10,000 tax credit for buyers of new unoccupied homes in California.
Home Front
Sacramento Bee (Calif.), The | 4 days 7 hours 55 minutes ago
Say goodbye, finally, to hopes of extending that $10,000 tax credit for buyers of new unoccupied homes in California.
October home sales rise, far exceeding expectations
Spokesman-Review (Spokane, Wash.), The | 23 hours 43 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.) | 23 hours 51 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 | 23 hours 57 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
Boston Globe, The | 1 day 3 hours 1 minute ago
WASHINGTONHome 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.
Home Sales Likely Rose Again In October by The Associated Press
National Public Radio | 1 day 2 hours 58 minutes ago
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.
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 |