Federal National Mortgage Association
News and overview for Federal National Mortgage Association
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 | 3 hours 20 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...
Make money in 2010: Your home
CNNMoney.com | 1 day 5 hours 7 minutes ago
Prices should stabilize at last, but rebuilding your equity will take time.
Harney: Overhaul of home appraisal code
Oakland Tribune (Calif.), The | 22 days 8 hours 57 minutes ago
Could the controversial appraisal system imposed nationwide by mortgage giants Fannie Mae and Freddie Mac in May and now tied to lowball property valuations, busted home sale transactions and higher fees to consumers be on its way out?
Walter Investment Management Corp. Announces Third Quarter Financial Results [Press Release]
PRNewswire | 17 days 17 hours 15 minutes ago
TAMPA, Fla., Nov. 5 /PRNewswire-FirstCall/ -- Walter Investment Management Corp.
REITs expected to participate in TALF
SIFMA SmartBrief | 117 days 18 hours 20 minutes ago
...investment trusts are expected to sell commercial mortgage-backed securities through the Federal Reserve's Term Asset-Backed Securities...Facility, said Steven Wechsler, CEO of the National Association of Real Estate Investment Trusts. The deals...
Bank of America's Desoer Says Mortgage Lending Still `Relatively Fragile'
Bloomberg | 41 days 3 hours 6 minutes ago
Oct. 13 (Bloomberg) -- The mortgage industry remains â??relatively fragile,â?? in part because it has been bolstered by government aid, the head of Bank of America Corp.'s home-loan unit said.
Mortgage Industry Remains `Fragile,' Bank of America's Desoer Tells MBA
Bloomberg | 41 days 1 hour 54 minutes ago
Oct. 13 (Bloomberg) -- The mortgage industry remains â??relatively fragile,â?? in part because it has been bolstered by government aid, the head of Bank of America Corp.'s home-loan unit said.
Home-Buyer Tax Credit of $8,000 Should Be Expanded, Extended, Dodd Says
Bloomberg | 33 days 13 hours 11 minutes ago
Oct. 20 (Bloomberg) -- The $8,000 homebuyer tax-credit should be extended beyond next month's expiration and expanded to more borrowers to buoy housing sales, Senate Banking Committee Chairman Christopher Dodd said.
Senator Dodd Pushes to Extend and Expand U.S. Tax Credit for Homebuyers
Bloomberg | 34 days 6 hours 42 minutes ago
Oct. 20 (Bloomberg) -- The $8,000 homebuyer tax-credit should be extended beyond next month's expiration and expanded to more borrowers to buoy housing sales, Senate Banking Committee Chairman Christopher Dodd said.
Affordable Prices Draw Investors to Real Estate --Nearly Half of Foreclosure Buyers Seek Investment Property
CNBC | 12 days 16 hours 29 minutes ago
LOS ANGELES, Nov 11, 2009 /PRNewswire via COMTEX/ -- Affordable prices and foreclosures are attracting investors to the housing markets today, and the number of consumers interested in investing in real estate has doubled since March 2009, according to the new Move.com Homeownership Survey released today.
Commercial Real Estate Forecast Uncertain [Press Release]
MarketWire | 4 days 2 hours 20 minutes ago
WASHINGTON, DC -- (Marketwire) -- 11/19/09 -- The recent deep economic downturn has had a pronounced impact on commercial real estate sectors, but credit availability is the big unknown that will determine how soon commercial markets recover, according to the National Association of Realtors®.
Mortgage Rates Near Lows Fail to Get Real Estate Brokers' Phones Ringing
Bloomberg | 45 days 12 hours 8 minutes ago
Oct. 8 (Bloomberg) -- Real estate broker R. Gilliam Kittrell III in Raleigh, North Carolina, answers the phone these days on the first ring. That's when it rings at all.
Home-Mortgage Rates Approaching Record Lows Fail to Resonate With Brokers
Bloomberg | 46 days 9 minutes ago
Oct. 8 (Bloomberg) -- Real estate broker R. Gilliam Kittrell III in Raleigh, North Carolina, answers the phone these days on the first ring. That's when it rings at all.
Metrostudy: Housing starts nearing bottom
American City Business Journals | 35 days 3 hours 51 minutes ago
The Dec. 1 sunset of the $8,000 federal tax credit program for first-time homebuyers may reverse recent gains in housing starts, according to the latest report by Metrostudy, a housing market research firm.
Home-Buyer Credit Is Focus of Inquiry
Wall Street Journal, The | 34 days 18 hours 51 minutes ago
WASHINGTON -- The Internal Revenue Service is examining more than 100,000 suspicious claims for the first-time home-buyer tax break, another sign of potential trouble for the soon-to-expire program.
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 |