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Fannie Mae (FNM) is in the Financial Services Industry
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Financial Markets: The Era of Caution
Prieur du Plessis submits: The gyrations of financial markets ahead of the Labor Day weekend tested the patience of bulls and bears alike. As big swings took place in thinly-traded markets, I was reminded of Albert Schweitzer’s words: As we acquire more knowledge, things do not become...
Today's Action: Crude Crushes the Dollar; Financials Threaten
Kathy Lien submits: Oil prices are above $120 a barrel on geopolitical tensions and fears that Tropical Storm Fay will make landfall for the third time, which is an extremely rare occurrence. The correlation between crude prices and the US Dollar has been greater than 70 percent...
Hedge Fund Manager's Notebook: Oil and Financials in Play
1) Weekly crude USO inventories soared by a record 9.4 million barrels as demand destruction accelerates, knocking the price down $5 to $12.50. The world is clearly producing more crude than it is using, but there is still no margin for error on the supply side. Several big hedge funds...
Additional Resources
Mortgage rates dip for 4th straight week
WASHINGTON -- Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government's massive new effort to aid the U.S. housing market. Further drops are likely, analysts said, reflecting...
Mortgage rates drop on news of fed plan
U.S. mortgage rates fell more than three-quarters of a percentage point Tuesday after the Federal Reserve said it will buy as much as $600 billion of debt. The average U.S. rate for a 30-year fixed mortgage ended the day at about 5.5 percent after falling to as...
Letters to the editor
Change to what? Barack Obama ran on a slogan of "Change." Well, he starts with appointing as chief of staff Rep. Rahm Emanuel, the most partisan Democrat in the Congress. Now, according The New York Times, Obama is appointing "dozens of former lobbyists" to...
Fannie Mae Redemption
WASHINGTON, Nov. 24 /PRNewswire-FirstCall/ -- Fannie Mae will redeem the principal amount indicated for the following securities issue on the redemption date indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption: ...
Former Fannie Mae Compliance Lead to Speak at Banking Litigation Conference in January
WASHINGTON, Nov. 24 /PRNewswire/ -- Mealey's Litigation Conferences is pleased to announce that former Fannie Mae compliance lead Megan Kraai has agreed to join the faculty of the Mealey's conference -- The FDIC & the Banking Crisis: Litigation Challenges Past, Present & Future. This fully accredited program...
Independents' Day On Wall Street
This year's collapse of several major financial institutions--A.I.G., Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, Merrill Lynch, Wachovia, and Washington Mutual--has earned September 2008 comparisons to October 1929. "Last month's U.S. government bailout seems to be just the beginning of a major paradigm shift on Wall Street,...
Kenneth R. Harney: Programs in place for modification of troubled
WASHINGTON You may have seen headlines about the latest public and private efforts to help financially distressed homeowners cope with their mortgage payments. But you might not have caught key details that could have personal impact on you or people you know -- now or in the...
Fannie Mae Holds 21st Annual Help the Homeless Walkathon
WASHINGTON, Nov. 22 /PRNewswire-FirstCall/ -- Today, November 22, thousands of people from the D.C. metropolitan area came together on the National Mall for the 21st annual Help the Homeless Walkathon. The Help the Homeless Program provides assistance to 165 organizations that work to prevent and end homelessness. ...
Fannie Mae Redemption
WASHINGTON, Nov. 21 /PRNewswire-FirstCall/ -- Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption: ...
Freddie Mac Suspends All Foreclosure Sales of Occupied Homes From Day Before Thanksgiving Until January 9, 2009
MCLEAN, Va., Nov. 20 /PRNewswire-FirstCall/ -- Freddie Mac today announced it has ordered its national network of mortgage servicers and foreclosure attorneys to suspend all foreclosure sales and evictions involving occupied single family and 2-4 unit properties with Freddie Mac-owned mortgages between November 26, 2008 and January 9,...
Fannie Mae to Suspend Foreclosures Until January 2009 While Streamlined Modification Program is Implemented
WASHINGTON, Nov. 20 /PRNewswire-FirstCall/ -- In order to support the streamlined modification program announced on November 11, 2008, Fannie Mae today issued a notice to its loan servicing organizations and retained foreclosure attorneys directing them to suspend foreclosure sales on occupied single-family properties as well as the completion...
Chrisan Herrod, Former Securities & Exchange Commission CSO, Joins RiskWatch as Executive Vice President
ANNAPOLIS, Md., Nov. 20 /PRNewswire/ -- Chrisan Herrod, former Chief Security Officer for the U.S. Securities and Exchange Commission, has joined RiskWatch as Executive Vice President. During her tenure at the SEC, she was responsible for implementing both corporate security, information security and IT business continuity programs. At RiskWatch,...
Grandbridge provides $350 million Fannie Mae credit facility for seniors housing complex
ATLANTA, Nov. 20 /PRNewswire-FirstCall/ -- Grandbridge Real Estate Capital LLC today said it has arranged, closed and sold to Fannie Mae a credit facility worth up to $350 million for one of the largest real estate investment trusts in North America. Grandbridge is a subsidiary of BB&T Corporation principal...
Fannie Mae Receives NYSE Notification on Continued Listing
WASHINGTON, Nov. 18 /PRNewswire-FirstCall/ -- Fannie Mae today reported in a filing with the Securities and Exchange Commission SEC that the company has been notified by the New York Stock Exchange NYSE that it has failed to satisfy one of the NYSE's standards for continued listing of its...
Fannie Mae Redemption
WASHINGTON, Nov. 18 /PRNewswire-FirstCall/ -- Fannie Mae will redeem the principal amount indicated for the following securities issue on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption: ...
Residential Credit Solutions Named as an Approved Servicer by Fannie Mae
Specialized Mortgage Investment and Servicing Platform Backed by Private Equity Firm Equifin Capital Partners and Och-Ziff Capital Management approved to service loans by Fannie Mae NEW YORK, Nov. 18 /PRNewswire/ -- Residential Credit Solutions, Inc. ("RCS") today announced that it has been approved as a servicer by...
Fannie Mae Announces 5-Year and 3-Year Reopening Benchmark Notes® Auction
WASHINGTON, Nov. 17 /PRNewswire-FirstCall/ -- The following is being issued by Fannie Mae : 5-Year Reopening 3-Year Reopening ...
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- Incorporated: 1938
- CEO: Mr. Herb M. Allison Jr.
Fannie Mae is engaged in providing funds to mortgage lenders through its purchases of mortgage assets, and issuing and guaranteeing mortgage-related securities that facilitate the flow of additional funds into the mortgage market. Co. also makes other investments that increase the supply of affordable housing. Co.'s customers include mortgage banking companies, investment banks, savings and loan associations, savings banks, commercial banks, credit unions, community banks, insurance companies, and state and local housing finance agencies. Co. is organized in three business segments: Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets.
Key Competitors
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American Equity Investment Life Holding Q3 2008 Earnings Call Transcript
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Fannie Mae Company Info
Board of Directors
Mr. Philip A. Laskawy
Non-Executive Chairman
Mr. Frederick B. Harvey III
Mr. Dennis R. Beresford
Ms. Brenda J. Gaines
Contact Information
3900 Wisconsin Avenue, NW
Washington, DC
202 752-7000
NAICS Code
Real Estate Credit: 522292Brought to you by IBM
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