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Fannie Mae
The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a government sponsored enterprise (GSE) of the United States government. As a GSE, it is a shareholder-owned corporation authorized to make loans and loan guarantees. It is not backed or funded by the U.S. government, nor do the securities it issues benefit from any explicit government guarantee or protection.
This secondary mortgage market helps to replenish the supply of lendable money for mortgages and ensures that money continues to be available for new home purchases. The name "Fannie Mae" is a creative acronym of the company's full name that has been adopted officially for ease of identification.
Saving Fannie
I've been worried about Fannie Mae for a long time. A few months ago I wrote a column about it. More than 10 years ago, when it was riding high, I was worried too...
Fannie, Freddie, and You
Now that's a fun group, right?An interesting article in the Times explaining how the recent troubles of Fannie Mae and Freddie Mac might impact the average home buyer or person with some average mutual fund investments...
Fannie Mae and Freddie Mac
Well, the other shoe has finally dropped. Fannie Mae and Freddie Mac, government sponsored entities, are essentially bankrupt and Paulson is trying to figure out how to keep them afloat...
Fannie and Freddie
Here and here are some quick must-reads on Fannie Mae and Freddie Mac, their relation to the mortgage meltdown, and...
Fannie Mae?s Thugs.--
Some people thought that I was too hard on the former managers of Fannie Mae, whose greed and misconduct in their Enron-style accounting scandal of 2003-4 helped to destroy the soundness...
Fannie Mae, Freddie and Me
Palo Alto real estate foreclosures triggered a feeding frenzy in August. Now, in light of the looming demise of Fannie Mae et al, how ought one handle the stress of primal concerns?
Reading infiltrates the wet-ware in ways films or the cartoon world of Second Life cannot...
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