Company Profile For Federal National Mortgage Association
Federal National Mortgage Association (FNM.P) (NYSE Arca)
sector: Financials ·
industry: Consumer Financial Services ·
Overview
Federal National Mortgage Association (Fannie Mae) is a government-sponsored enterprise (GSE) chartered by the United States Congress to support liquidity and stability in the secondary mortgage market, where mortgage loans are purchased and sold. The Company participates in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for its mortgage portfolio. It also makes other investments that increase the supply of affordable housing. The Company is organized in three business segments: Single-Family Credit Guaranty, Housing and Community Development (HCD), and Capital Markets.
Quick Financial Synopsis
BRIEF: For the six months ended 30 June 2009, Fannie Mae's revenues decreased 5% to $20.42B. Net loss after extraordinary items applic. to Common totaled $38.36B, up from $5.07B. Revenues reflect a decrease in income from available for sale securities. Net loss also reflects decreased operating margins, higher investment losses, increased losses from partnership investments and higher foreclosed property expenses.
Company Address
Federal National Mortgage Association
3900 Wisconsin Avenue, NW
Washington DC 20016
P: +1202.7527000
F: +1202.7524447
3900 Wisconsin Avenue, NW
Washington DC 20016
P: +1202.7527000
F: +1202.7524447
Total Employees
5800
Find Out More About FNM.P
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