Federal National Mortgage Association (PINX: FNMA)

Federal National Mortgage Association (Fannie Mae) is a corporation based in Washington, District of Columbia. Established in 1938, it provides funds to mortgage lenders through the purchase of mortgage assets and issues and guarantees mortgage-related securities that facilitate the flow of funds into the mortgage market in the United States. It operates in three segments, Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets. The Single-Family Credit Guaranty segment securitizes single-family mortgage loans into Fannie Mae mortgage-backed securities (MBS) and facilitates the purchase of single-family mortgage loans for the company's mortgage portfolio. The Housing and Community Development segment securitizes multifamily mortgage loans into Fannie Mae MBS and facilitates the purchase of multifamily mortgage loans for the company's mortgage portfolio. This segment also invests in rental and for-sale housing projects. The Capital Markets segment manages the company's investment activity in mortgage loans, mortgage-related securities, debt financing activity, and liquidity and capital positions. Fannie Mae'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. The assets of the company are managed by the executive management team.