Fannie Mae
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| Fannie Mae | |
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| Web site | http://www.fanniemae.com/ |
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Fannie Mae is the common name (as a spoken version of the acronym) for the Federal National Mortgage Association. It is a government sponsored enterprise that makes mortgage loans and loan guarantees.
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History
Founded in 1938 as part of Roosevelt's New Deal program, it was converted into a private corporation in 1968.
