The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal.
It is a government-sponsored enterprise (GSE) and has been a publicly traded company since 1968.
The corporation’s purpose is to expand the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities (MBS), allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally-based savings and loan associations (aka “thrifts”).
For a comprehensive list of articles discussing Fannie Mae, see a Bibliography of Fannie Mae and Freddie Mac.
When buying or selling Las Vegas homes for sale.
Contact an experienced Realtor!
Bob and Diana
Robert Ratliff RE/MAX Reliance
702-508-8262
Fannie Mae
