Fannie Mae Washington
Fannie Mae fully abbreviated as Federal National Mortgage Association is an American government sponsored company offering their services in the United States. The main headquarters of the company is situated in Washington, D.C., United States. Tim Mayopoulos is the Chief Executive Officer of the company. The revenue of the company in 2014 was US$ 25.8 billion whereas the total assets of the Federal National Mortgage Association were US$ 3.428 trillion. There are more than 7,200 people working with the enterprises to control all their operations in the United States. The company also has brother organization named as Federal Home Mortgage Corporation also known as Freddie Mac. Main competitor of the company is General Electric Capital Services. The company trades on the New York Stock Exchange and is a constituent of the S&P 500. The total equity of the Fannie Mae in 2014 was US$ 3.7 billion.
History
In 1938, the company was established to offer local banks with federal money to finance home mortgage by Federal Loan Agency whereas in 1950, it was
acquired by the Housing and Home Finance Agency.
