kids encyclopedia robot

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

kids search engine
Fannie Mae Facts for Kids. Kiddle Encyclopedia.