The Federal National Mortgage Association, commonly known as Fannie Mae, is a United States government-sponsored enterprise and, since 1968, a publicly traded company. It is supporting today's economic recovery and helping to build a sustainable housing finance system. Fannie Mae's brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac.
Fannie Mae was founded in 1938, during the Great Depression as part of the New Deal. The company is headquartered in Washington, D.C., U.S. The company has regional offices in Atlanta, Chicago, Dallas, Pasadena, and Philadelphia.
Fannie Mae'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 locally based savings and loan associations (or "thrifts").
In February 17, 2017. Fannie Mae Reports Annual Net Income of $12.3 Billion and Comprehensive Income of $11.7 Billion for 2016. And as of Jan 22, 2018 the company has a Market Cap of $2.40B and a Total assets Decrease in 2014 was reported US$3.248 trillion.
Fannie Mae is #20 on the 2017 Fortune 500 list. And with $131.9B revenue, it is the world's fifth-largest financial services company.