Federal National Mortgage Association
News and overview for Federal National Mortgage Association
THE INFLUENCE GAME: Jobless aid helps business
San Francisco Chronicle | 17 days 39 minutes ago
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Federal Housing Administration's financial cushion dips below mandated levels, audit says
Hartford Courant (Conn.), The | 10 days 18 hours 6 minutes ago
WASHINGTON (AP) — The Federal Housing Administration says its financial cushion has dipped to a dangerously low level but should remain above zero under "most economic scenarios."
Is F.H.A. the Next Shoe to Drop? - DealBook Blog - NYTimes.com
New York Times, The | 45 days 14 hours 4 minutes ago
First it was Fannie Mae and Freddie Mac. Now concern is growing that another government mortgage giant might teeter, just as the nation s housing market is stabilizing.
THE INFLUENCE GAME: Jobless aid bill has tax breaks to real estate industry, other businesses
Star Tribune (Minneapolis-St. Paul, Minn.) | 16 days 16 hours 41 minutes ago
WASHINGTON - Emergency help for the jobless will be a huge windfall for Realtors, homebuilders, mortgage bankers and others, and that's no accident.
US mortgage applications up as rates drop below 5 percent
Reuters | 18 days 21 hours 31 minutes ago
NEW YORK, Nov 4 (Reuters) - U.S. mortgage applications rose for the first time in four weeks, reflecting a jump in demand for home refinancing loans as interest rates on 30-year loans dropped below 5 percent, data from an industry group showed on Wednesday.
Mortgage rates below 5 percent fuel re-fi boom
Yahoo! | 45 days 21 hours 40 minutes ago
Every dollar counts in this economy.
THE INFLUENCE GAME: Business aided by jobless bill
Seattle Times, The | 16 days 16 hours 23 minutes ago
WASHINGTON Emergency help for the jobless will be a huge windfall for Realtors, homebuilders, mortgage bankers and others, and that's no accident. Those industries have spent months and millions of dollars making the case for $20 billion in tax cuts for homebuyers and businesses to help create jobs and revive a sluggish housing market. Their lobbying campaign paid off Thursday when Congress voted to pass the tax breaks as part of a broader extension of unemployment benefits. President Barac...
THE INFLUENCE GAME: Real estate industry, other businesses win tax breaks in jobless aid bill
Orlando Sentinel (Fla.) | 17 days 42 minutes ago
WASHINGTON (AP) — Emergency help for out-of-work Americans will be a huge windfall to Realtors, homebuilders, mortgage bankers and others, and that's no accident.
Mortgage rate dips to 5 percent, fuels refinance boom - National Business - MiamiHerald.com
Miami Herald, The | 46 days 4 hours 47 minutes ago
Every dollar counts in this economy.
Commercial Real Estate Market Continues to Suffer From Credit Crunch [Press Release]
MarketWire | 9 days 2 hours 37 minutes ago
SAN DIEGO, CA -- (Marketwire) -- 11/13/09 -- A severe ongoing credit crunch in commercial real estate lending is hampering recovery, according to a commercial market update at the 2009 REALTORS® Conference & Expo. NAR Chief Economist Lawrence Yun shared insights into the commercial markets and the current lending environment during the "Economic Issues and Commercial Real Estate Business Trends Forum" here today.
Loan modification: Hundreds of loan modification complaints filed against Bank of America
Orlando Sentinel (Fla.) | 24 days 6 hours 45 minutes ago
Loan modification mess: Hundreds of complaints about Bank of America have been filed with the Florida attorney general over mortgages and stalled loan modifications. Other major lenders have few complaints.
Drop in mortgage rates spurs refinancing
Denver Post, The | 45 days 18 hours 17 minutes ago
When Dawn Williams closes Friday on the deal to refinance her home, she'll be saving more than $100 a month on her mortgage.
Realtors, home builders, mortgage bankers will benefit from aid to unemployed
Fort Worth Star-Telegram (Texas) | 16 days 5 hours 32 minutes ago
By JULIE HIRSCHFELD DAVIS The Associated Press WASHINGTON Emergency help for the jobless will be a huge windfall for Realtors, home builders, mortgage bankers and others, and that’s no accident.
Make money in 2010: Your home
CNNMoney.com | 15 hours 46 minutes ago
Prices should stabilize at last, but rebuilding your equity will take time.
THE INFLUENCE GAME: Business aided by jobless bill
Yahoo! | 16 days 12 hours 41 minutes ago
WASHINGTON – Emergency help for the jobless will be a huge windfall for Realtors, homebuilders, mortgage bankers and others, and that's no accident.
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 |