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Fannie Mae. The Federal National Mortgage Association ( FNMA ), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, [3] the corporation's purpose is to expand the secondary mortgage market by ...
The present Chief Executive Officers (CEOs) of both Fannie Mae and Freddie Mac have been dismissed but will stay on to help with the transition. Appointed as CEOs are Herbert M. Allison for Fannie Mae and David M. Moffett for Freddie Mac. Allison is a former vice chairman of Merrill Lynch and, for the last eight years, chairman of TIAA-CREF.
History. The company was founded as Società Anonima Ferrovie Milano-Saronno e Milano-Erba in 1877 by the Belgian Albert Vaucamps. The Milan-Saronno railroad was inaugurated on 22 March 1879, while the Milan-Erba was opened later in December the same year. In 1883, the company was rechristened Società Anonima per le Ferrovie Nord Milano (FNM
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Key takeaways. Fannie Mae, officially the Federal National Mortgage Association (FNMA), is a government-sponsored enterprise that maintains liquidity in the mortgage market by buying loans from ...
Fannie Mae's Stock-Market About Face. Matt Koppenheffer and David Hanson, The Motley Fool. Updated July 14, 2016 at 6:54 PM. The OTC-traded common shares of Fannie Mae are up over 750% over the ...
Freddie Mac. The Federal Home Loan Mortgage Corporation ( FHLMC ), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia. [3] [4] The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with its sister organization, the Federal National ...
Headquarters. 1999 K Street, N.W., 4th Floor, Washington, D.C. , United States of America. Website. www .farmermac .com. The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, publicly traded company that was chartered by the United States federal government in 1988 to serve as a secondary market in ...