BNET Industries
Fannie Mae (FNM) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $43.3B
- Profit
- Dec 31 2007
- ($2.0B)
- Market Cap
- Jul 17 2008
- $10.7B
Latest News and Analysis
Tech Stocks Sink as Google and Microsoft Disappoint, Dow Up
By Kristina Cooke NEW YORK (Reuters) - Technology stocks fell on Friday and drove the Nasdaq down 1 percent on disappointing earnings from Google GOOG and MicrosoftMSFT, while Citigroup's smaller-than-expected loss pushed up the Dow and helped keep the broader market...
Freddie Mac Files With SEC, First Step to Capital
By Patrick Rucker and Al Yoon WASHINGTON/NEW YORK (Reuters) - Freddie Mac won approval from regulators on Friday to sell the stock needed to overcome mounting losses, and the Wall Street Journal said the mortgage finance company may seek $10 billion. The approval...
As Merrill Reports, Short Squeeze in Financials Continues
Michael Shedlock submits: MarketWatch is reporting Merrill reports $4.65 billion quarterly net loss. The firm also said it agreed to sell its 20% stake in Bloomberg LP back to the media company for $4.425 billion. It also plans to sell a controlling interest in its Financial Data Services...
Fannie Mae, Freddie Mac Shares Jump Again
By Al Yoon NEW YORK (Reuters) - Investors snapped up shares of Freddie Mac FRE and Fannie Mae FNM for a second day on Thursday after Freddie pulled off its second successful debt sale following Sunday's announcement of a U.S. rescue plan for...
How High Leverage Has Brought Down the Whole Banking Industry
On Tuesday, as S&P briefly touched $1,200, the banking sector represented by KBW Bank Index [BKX] or other similar indices went down to $47 (which had been range bound and traded around $75-90 early this year), and VIX reached $30, it seemed that the stock market was under capitulation similar...
Financial Recovery? Time to Wait and See
Gold Digger submits: In my previous post, I commented on Freddie FRE, Fannie FNM and Lehman Brothers LEH. Investors who were willing to accept my analysis at that time must have made good returns till this Friday. I think now is a good time to book your profits and exit...
Freddie Mac Mulling $10 Billion Share Offer: Report
(Reuters) - Mortgage giant Freddie Mac FRE is considering raising capital by selling as much as $10 billion in new shares to investors, The Wall Street Journal reported, citing people familiar with the matter. The report comes after the U.S. Treasury and Federal...
Fannie and Freddie's Effect on Changing Trends
Zachary Scheidt submits: As Fannie Mae FNM and Freddie Mac FRE appear to be dodging insolvency, the market may be at a key inflection point. Looking at the market over the last 48 hours we have seen what could be an important medium-term swing in the overall equity...
Selling the Short Sellers Short: Another Sign of Trouble
Marc Courtenay submits: You always know real trouble is brewing when the government starts scapegoating short sellers. The SEC went so far this week as to make it nearly impossible for small traders to short any of the big financial stocks. Explaining the new aversion to betting on...
The Silly "Taxpayer Funded" Bailout Talk
Tim Iacono submits: What's all this talk about Fannie FNM and Freddie FRE and who knows who else getting bailed out and the U.S. taxpayer having to foot the bill? Since when did the U.S. ever pay off old debt with anything other than new debt and why...
Make Your Net Worth Soar in the Midst of a Historic Financial Collapse
Porter Stansberry submits: I tend to be in hotel rooms when bubbles burst. On January 6, 2000, I was on the 30th-something floor of the Marriott hotel across the street from the convention center in San Francisco. I was jet lagged and up working even...
For Everything, Wind - Stop Trading! (7/17/08)
Recap of Jim Cramer's comments on Stop Trading! Thursday July 17. Be In Wind: Quanta Services PWR, Owens Corning OC, PPG Industries PPG: The Texas Public Utilities Commission meeting Cramer was talking about earlier in the week happened Thursday, July 17. There are $4 billion worth of contracts coming, he...
Friday Outlook: Bear's Wild Ride
David Fry ETF Digest submits: The squeeze continues and options expiration beginning Friday is playing a much bigger role than most might suspect. From past experience as an options principal and under these conditions, floor brokers are hunting down options strike prices like we should be...
Cheaper Oil Fuels Global Stocks Rally
By Herbert Lash NEW YORK (Reuters UK) - Global stocks surged for a second day on Thursday as JPMorgan Chase's earnings lifted the battered banking sector and a slide in oil prices to under $130 a barrel eased fears that inflation could run amok. Even though...
Fannie Mae's Mudd: Won't Tap New Credit Line
WASHINGTON (Reuters) - The chief executive officer of mortgage finance giant Fannie Mae FNM, Daniel Mudd, said on Thursday the company was unlikely to tap emergency credit measures that have been proposed for it by the U.S. Treasury Department. In an...
Under Strain, Banks Boost Borrowing From Fed
By John Parry NEW YORK (Reuters) - Banks' direct borrowing from the Federal Reserve at the discount window rose in the latest week, one of the most tumultuous weeks for the U.S. banking system in decades, Fed data showed on Thursday. The government...
Troubling Aspects to the GSE Bailout Bill
John Jansen submits: According to draft legislation being debated on Capitol Hill, the Congress would grant sweeping authority to the Secretary of the Treasury to purchase obligations and securities of FNMA, Freddie Mac, as well as those of the Federal Home Loan System. It imposes no restrictions on the...
Paulson to Speak on Economy, Markets Next Week
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson will deliver remarks on financial markets and the economy on Tuesday in New York, the Treasury said on Thursday. The scheduling of the speech at the New York Public Library comes as Paulson and other Treasury...
Most Overlooked Story of the Day: Kuwait Takes Money Elsewhere
Greg Newton submits: KUWAIT, July 17 (Reuters) - Kuwait's sovereign wealth fund is not planning to invest in any future agency debt of US mortgage giants [Phoney] FNM and [Fraudy] FRE, the country's finance minister said on Thursday...Mustapha al-Shamali said the Kuwait Investment Authority [KIA] was considering boosting...
IIF Chairman Says Banks Ignored Warning Signs
By John Poirier and Karey Wutkowski WASHINGTON (Reuters UK) - Banks ignored signs of mispriced risks and dangerous leverage ratios that indicated the impending credit crisis, the chairman of a global banking organization said Thursday in releasing a report on the financial industry's response to...
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- Incorporated: 1938
- CEO: Mr. Daniel H. Mudd
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
Fannie Mae Company Info
Board of Directors
Mr. Stephen B. Ashley
Chairman
Mr. Greg C. Smith
Mr. H. Patrick Swygert
Mr. John K. Wulff
Mr. Dennis R. Beresford
Mr. Louis J. Freeh
Ms. Brenda J. Gaines
Dr. Karen N. Horn Ph.D.
Ms. Bridget A. Macaskill
Mr. Daniel H. Mudd
Ms. Leslie Rahl
Mr. John C. Sites Jr.
Contact Information
3900 Wisconsin Avenue, NW
Washington, DC
202 752-7000
NAICS Code
Real Estate Credit: 522292Brought to you by IBMSponsored Resources
