Fannie Mae
government-backed financial services company
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. It founded in 1938 during the Great Depression as part of the New Deal.[1]
Its sister organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac. As of 2018, Fannie Mae is ranked number 21 on the Fortune 500 rankings of the largest United States corporations by total revenue.[2]
References
change- ↑ Pickert, Kate (July 14, 2008). "A Brief History of Fannie Mae and Freddie Mac". Time. Archived from the original on August 26, 2013. Retrieved October 20, 2020.
- ↑ "Fortune 500 Companies 2018: Who Made the List". Fortune. Archived from the original on 2019-01-15. Retrieved 2018-11-09.
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