Introduction and official website domain name for Fannie Mae, a US real estate finance institution

Fannie Mae (Fannie Mae), also known as the Federal National Mortgage Association, was founded in 1938 and is the largest US government-sponsored enterprise (GSE). It engages in financial services, specifically to expand the flow of funds in the secondary housing market. Since the subprime mortgage crisis in September 2008, it has been taken over by the Federal Housing Finance Agency and delisted from the New York Stock Exchange.

Fannie Mae (formerly known as the Federal National Mortgage Association) is the largest US-based private equity firm. Its primary business is to acquire loans in the secondary mortgage market and raise funds at a lower cost by issuing agency bonds or securitized mortgage bonds to investors, earning a profit from the interest margin.

Amid the ongoing subprime mortgage crisis, a sluggish mortgage market, and a sharp increase in foreclosures, the US government announced on September 7, 2008, that it would take over the near-bankrupt Fannie Mae and another GSE, Freddie Mac, at a potential cost of up to $200 billion.

Fannie Mae's original direct regulatory oversight within the U.S. government was by the Office of Federal Housing Enterprise Oversight (OFHEO), now the newly established Federal Housing Finance Agency (FHFA).

Company Name: Fannie Mae.

Official Domain Name: fanniemae.com.

Domain Created: April 28, 1995.

Country: United States.

Headquarters: Washington, D.C., USA.

Founded: 1938.