Federal National Mortgage Association
News and overview for Federal National Mortgage Association
Commercial Real Estate Market Continues to Suffer From Credit Crunch [Press Release]
MarketWire | 9 days 14 hours 59 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 19 hours 7 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.
Pent-Up Demand and Tax Credit Drive October Home Sales Rally Sales Up 24.2% Statewide and 33.3% in Chicago Region [Press Release]
PRNewswire | 2 hours 21 minutes ago
...the Illinois Association of REALTORS...fixed-rate mortgage for the North...according to the Federal Home Loan Mortgage Corporation...10.2 percent national unemployment...of the Chicago Association of REALTORS...
Drop in mortgage rates spurs refinancing
Denver Post, The | 46 days 5 hours 55 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 17 hours 54 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 | 1 day 4 hours 8 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 23 hours 35 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.
THE INFLUENCE GAME: Jobless aid helps business by The Associated Press
National Public Radio | 17 days 12 hours 9 minutes ago
Emergency help for out-of-work Americans will be a huge windfall to Realtors, homebuilders, mortgage bankers and others, and that's no accident.
THE INFLUENCE GAME: Jobless aid helps business
Seattle Times, The | 17 days 12 hours 53 minutes ago
WASHINGTON Emergency help for out-of-work Americans will be a huge windfall to 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.
THE INFLUENCE GAME: Real estate industry, other businesses win tax breaks in jobless aid bill -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 17 days 13 hours 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.
THE INFLUENCE GAME: Jobless aid helps business - National Business - MiamiHerald.com
Miami Herald, The | 17 days 12 hours 39 minutes ago
WASHINGTON -- Emergency help for out-of-work Americans will be a huge windfall to Realtors, homebuilders, mortgage bankers and others, and that's no accident.
THE INFLUENCE GAME: Jobless aid helps business - Breaking News - Business - MiamiHerald.com
Miami Herald, The | 17 days 12 hours 39 minutes ago
WASHINGTON -- Emergency help for out-of-work Americans will be a huge windfall to Realtors, homebuilders, mortgage bankers and others, and that's no accident.
Federal Housing Administration's financial cushion dips below mandated levels, audit says
Hartford Courant (Conn.), The | 11 days 6 hours 28 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."
Home-buyer tax credit renewal 'very close': MBA - MarketWatch
MarketWatch | 42 days 1 hour 55 minutes ago
"We are pushing for expansion of the tax credit, and we are very close to winning this one," said David Kittle, MBA's outgoing chairman.
Homeowners scramble to refinance mortgages
Detroit Free Press | 46 days 3 hours 18 minutes ago
Every dollar counts in this economy. Homeowners hustled last week to refinance their mortgages after interest rates fell below 5% for the first time since May.Refinance applications climbed 18% from the previous week, the Mortgage Bankers Association reported Wednesday, as rates on 30-year home loans dropped to their lowest level in four months to 4.89%.With extra cash lining their pockets each month, homeowners could help the economy recover.
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 |
