Federal National Mortgage Association

Industry: Finance
Company Nickname: Fannie Mae
Public or Private: Public
Exchange: OTCQB
Symbol: FNMA

Description:

Federal National Mortgage Association (FNMA), also known as Fannie Mae, is a US government-sponsored enterprise that was founded in 1938 as part of the New Deal. Its job is to expand the secondary mortgage market for mortgages by turning them into mortgage-backed securities. In 2018, it was #21 on the Fortune 500 list.