Mortgage Association (Fannie Mae) facilitates the flow of low-cost
mortgage capital in order to increase the availability and
affordability of homeownership for low-, moderate- and
middle-income Americans. The Company operates under a federal
charter and its primary regulator is the Office of Federal Housing
Enterprise Oversight (OFHEO). Fannie Mae is a source of funds for
mortgage lenders and investors, providing resources for customers
to make additional mortgage loans or investments in
mortgage-related securities. The Company provides liquidity to the
mortgage market for the benefit of borrowers, but it does not lend
money directly to consumers. The Company operates exclusively in
the secondary mortgage market by purchasing mortgages and
mortgage-related securities from primary market institutions, such
as commercial banks, savings and loan associations, mortgage
companies, securities dealers and other investors.
What is the stock
symbol for Fannie Mae? FNM
Click here for the
current Fannie Mae stock price.
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