Fannie Mae

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Fannie Mae
Image:FMlogo.gif
Web site http://www.fanniemae.com/


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.

References

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