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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 company 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. Together the two companies own or guarantee about $5 trillion in home loans, or approximately three-quarters of all mortgages in the US. Due to losses caused largely by the subprime mortgage crisis, the US government seized both Fannie and Freddie in September 2008.
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Address: |
3900 Wisconsin Ave. NW
Washington, DC 20016-2892
| | Phone: | 202-752-7000 | | Fax: | |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2007): | 51176.00 M | | Revenue Growth (1 yr): | 4.70% | | Employees (2007): | 5,700 |
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Key People
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EVP and COO:
Michael J. (Mike) Williams
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EVP Housing and Community Development:
Kenneth J. (Ken) Bacon
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EVP and CFO:
David C. Hisey
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