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Fannie Mae facts for kids

Kids Encyclopedia Facts

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.

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.

Images for kids

  • Fannie Mae Reston facility 1

    A view, from the southwest, of the Federal National Mortgage Association's (Fannie Mae's) Reston, Virginia facility

  • Fannie Mae Headquarters

    Fannie Mae's former headquarters at 3900 Wisconsin Avenue NW in Washington, D.C.

  • Franklin Raines July 2002

    Franklin Raines earned $90 million in salary and bonuses while he was head of Fannie Mae.

  • Fannie Mae total assets

    Fannie Mae total assets

  • Largest companies in the US by total assets

    Largest companies in the US by total assets

See also

Kids robot.svg In Spanish: Fannie Mae para niños

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