Fannie Mae

The Federal National Mortgage Association (FNMA; OTCQB: FNMA), commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal. It is a government-sponsored enterprise (GSE), though it has been a publicly traded company since 1968. The corporation's purpose is to expand the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities (MBS), allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on thrifts. For a comprehensive list of articles discussing Fannie Mae, see Fannie Mae and Freddie Mac: A Bibliography.

Read more about Fannie MaeHistory, Business, 2011 SEC Charges, Leadership

Other articles related to "fannie mae, mae":

Subprime Crisis Impact Timeline - 1938–1979
... 1938 The Federal National Mortgage Association, or Fannie Mae, is established as part of Franklin D ... late 1960s Fannie Mae is permitted to purchase 'conventional' mortgages (not just VA/FHA) late 1960s Angelo Mozilo Loeb found Countrywide Financial, and pioneer the nationwide non-bank mortgage lending business. 1968 Fannie Mae spins off Ginnie Mae as a separate entity ...
Subprime Crisis Impact Timeline - 1995–2000
1999 September Fannie Mae eases the credit requirements to encourage banks to extend home mortgages to individuals whose credit is not good enough to qualify ... Fannie Mae buys $600 million of subprime mortgages, primarily on a flow basis ... October Fannie Mae commits to purchase and securitize $2 billion of Community Reinvestment Act eligible loans, November Fannie Mae announces that the Department of Housing and ...
Peter Niculescu
... Peter Niculescu was Fannie Mae's Executive Vice President and Chief Business Officer ... Prior to that he served as Fannie Mae's Executive Vice President of Capital Markets since 2002 ... President-Portfolio Strategy also for Fannie Mae ...
Timeline Of The United States Housing Bubble - 1992 - 2000
... Housing Enterprises Financial Safety and Soundness Act of 1992 required Fannie Mae and Freddie Mac to devote a percentage of their lending to support affordable housing increasing ... groups that marketed loans to collect a brokers fee Fannie Mae allowed to receive affordable housing credit for buying subprime securities ... November Fannie Mae helped First Union Capital Markets and Bear, Stearns Co launch the first publicly available securitization of CRA loans, issuing $384.6 million of such securities ...