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Fannie Mae. The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, [2] the corporation's purpose is to expand the secondary mortgage market by ...
Fannie Mae's Reston, Virginia, facility. The GSE business model has outperformed any other real estate business throughout its existence. According to the Annual Report to Congress, [13] filed by the Federal Housing Finance Agency, over a span of 37 years, from 1971 through 2007, Fannie Mae's average annual loss rate on its mortgage book was about four basis points.
James A. Johnson (December 24, 1943 – October 18, 2020) [1] was an American businessman, Democratic Party political figure, and chairman and chief executive officer of Fannie Mae. He was the campaign chairman for Walter Mondale 's unsuccessful 1984 presidential bid and chaired the vice presidential selection committee for the presidential ...
Fannie Mae has quietly scrapped a plan that could have saved Americans thousands of dollars in housing costs, according to multiple reports. With the objective of making housing more affordable ...
Fannie Mae’s CEO says shopping for a house right now is downright Dickensian: A ‘tale of 2 markets’
The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). [1] It was founded in 1968 and works to expand affordable housing by guaranteeing housing loans (mortgages) thereby lowering financing costs ...
The Federal Housing Finance Agency (FHFA) is an independent federal agency in the United States created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U.S. Department of Housing and Urban Development government-sponsored enterprise mission team, [3] absorbing the powers and regulatory authority ...
Timothy J. Mayopoulos (born March 7, 1959) is an American businessman and lawyer who was the president and chief executive officer (CEO) of Fannie Mae from 2016 to 2019. [2] [3] Following the collapse of Silicon Valley Bank in March 2023, he was appointed by the FDIC as CEO of its successor, Silicon Valley Bridge Bank, N.A. [4] [5] Mayopoulos was announced as president and member of the board ...