Company Profile for Fannie Mae
Federal National Mortgage Association (Fannie Mae)
| Type | Government-sponsored enterprise & Public company |
|---|---|
| Founded | 1938 |
| Key People | Mike Williams, CEO |
ADDITIONAL INFORMATION:
3900 Wisconsin Ave. NW
Washington, D.C. 20016
1-800-732-6643 (consumer resources)
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Fannie Mae & Freddie Mac Announce Eviction-Free Holidays Once Again
By Mary Beth Quirk on December 1, 2011 11:00 AM
15 Comments
It's hard enough for some of us to enjoy the stressful holidays, and getting booted from your home during this season would be well, a really, really bad thing. Nice then, that Fannie Mae and Freddie Mac have again announced that certain home evictions will be suspended from Dec. 19 to Jan. 2. More »
(syphlix)
Fannie Mae Needs $7.8 Billion Because It Lost Its Fanny Betting On Derivatives
By Phil Villarreal on November 9, 2011 9:45 AM
74 Comments
Like the irresponsible son who goes to his daddy asking for money to cover gambling losses so loan sharks don't bust his kneecaps, Fannie Mae is begging taxpayers for $7.8 billion because it lost so much money last quarter on derivatives. The $5.1 billion loss in the third quarter dwarfs last year's awful third quarter shortfall of $1.3 billion. More »
(stirwise)
Rules Changed To Make Refinancing Your Home Easier
By Chris Morran on October 24, 2011 3:15 PM
52 Comments
With mortgage interest rates continuing to hover near record lows, the Federal Housing Finance Agency has announced big changes to the Home Affordable Refinance Program with the intention of making it easier for homeowners to save money by refinancing their loans at these rock-bottom rates. More »
Report: Fannie Mae Knew About Widespread Foreclosure Abuse In 2003
By Phil Villarreal on October 4, 2011 9:00 AM
26 Comments
According to a government report, Fannie Mae knew in 2003 that law firms it hired to foreclose on homes were abusing their authority. That's seven years before knowledge about the problems became widespread. The Federal Housing Finance Agency inspector general released a report that leveled the allegations, also blaming the agency he works for, which is tasked to oversee government-controlled Fannie Mae and Freddie Mac. More »
Exxon Mobil Is The Most Profitable American Business By A Long Shot
By Chris Morran on May 5, 2011 1:15 PM
90 Comments
This year's Fortune 500 list is out, and while Walmart's $421 billion in revenue may have beaten out Exxon Mobil's paltry $354 billion, the oil giant beat out Big W where it matters most, profits. According to Fortune, the crude colossus made a whopping $30.4 billion in profits last year, nearly double what Walmart made and over $10.5 billion more than the next most profitable company on the list. More »
What Risk Factors Will Make My Mortgage More Expensive?
By Chris Morran on January 18, 2011 4:30 PM
42 Comments
When you're in the market to buy a new home or investment property, it's one thing to get a pre-qualification over the phone and a completely different thing when you later sit down and actually apply for a loan. So before you get too far into the process, you should know which factors could end up inflating the interest rate on your mortgage. More »
Bank Of America Reaches $2.8 Billion Settlement With Fannie Mae & Freddie Mac Over Bad Mortgages
By Chris Morran on January 3, 2011 11:20 AM
12 Comments
The folks at Bank of America continue to feel the sting of all the bad mortgages they acquired when they adopted Countrywide in 2008. The bank has agreed to pay a total of over $2.8 billion to Fannie Mae and Freddie Mac to settle claims over questionable loans sold to the two government-sponsored enterprises. More »
Freddie Mac & Fannie Mae To Take A Break From Evicting During The Holidays
By Chris Morran on December 2, 2010 4:28 PM
15 Comments
There are few things as depressing as having your house taken away from you on Christmas Eve, so the people at Freddie Mac and Fannie Mae are issuing a brief moratorium on evicting people from foreclosed properties during the holiday season. More »
Fannie Mae Gives Wounded Soldiers A Break On Mortgages
By Ben Popken on September 29, 2010 10:00 AM
58 Comments
Fannie Mae yesterday announced that military families with a member who was injured or killed while on active duty can apply for a forbearance of up to six months if they're having trouble making their mortgage payments. More »
Fannie Mae Requests Additional $8.4 Billion In Federal Aid
By Chris Morran on May 10, 2010 11:47 AM
8 Comments
While bailed-out banks and car companies are making headway toward repaying their loans in full, it's a completely different story for mortgage investment firm Fannie Mae. After posting a quarterly loss of $11.5 billion, Fannie Mae has announced it will need another $8.4 billion from its federal overseers government aid. More »
