Fannie Mae

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The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression. The corporation's purpose is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers. On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were being placed into conservatorship of the FHFA. The action is "one of the most sweeping government interventions in private financial markets in decades". As of 2008[update], Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) owned or guaranteed about half of the U.S.'s $12 trillion mortgage market.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130293505
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • Sprache Englisch
    • Größe H220mm x B150mm x T5mm
    • Jahr 2010
    • EAN 9786130293505
    • Format Fachbuch
    • ISBN 978-613-0-29350-5
    • Titel Fannie Mae
    • Untertitel Public company, Government-sponsored enterprise, Great Depression, Securitization, Federal Housing Finance Agency, Freddie Mac
    • Gewicht 142g
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 84
    • Genre Wirtschaft

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