Federal National Mortgage Association (FNMAI) is a publicly traded company in the Financial Services sector, operating within the Financial - Mortgages industry. The company is headquartered in Washington, DC, United States. The current CEO is Peter Andrew Akwaboah.
FNMAI has IPO date of 2008-01-02, 8,200 full-time employees, listed on the Other OTC, a market capitalization of $9.54B.
Federal National Mortgage Association (Fannie Mae) is a primary source of financing for residential mortgages in the United States, operating through two core business segments: Single-Family and Multifamily. The company securitizes mortgage loans originated by lenders into mortgage-backed securities and purchases loans insured or guaranteed by federal agencies, including those backed by the Federal Housing Administration, Department of Veterans Affairs, and U.S. Department of Agriculture. Through its Single-Family segment, Fannie Mae securitizes fixed-rate and adjustable-rate mortgages while providing servicing and credit risk management services. The Multifamily segment securitizes multifamily loans, invests in low-income housing projects, and offers credit enhancement services to state and local housing finance authorities. Founded in 1938 and headquartered in Washington, D.C., Fannie Mae serves a broad network of mortgage banking companies, banks, credit unions, and housing finance agencies.
