Industry: Corporate Finance
Annual Revenue Estimate: NA
Email Convention: [email protected]
Overall Ranking (88%)
The Overall Ranking is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company, taking everything into account.
The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.
The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.
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Fannie Mae, a $3 trillion financial services business, is a leading provider of mortgage credit. As a secondary market participant, we do not lend directly to consumers. We are a government-sponsored enterprise (GSE) chartered by Congress to keep liquidity flowing to mortgage lenders such as local and national banks, thrifts, credit unions, and other financial institutions. We purchase and guarantee their loans to enable families to buy homes, refinance their existing mortgages, or access affordable rental housing. We package loans into Fannie Mae mortgage backed securities (MBS), which global investors can purchase.
From the beginning of 2009 through the first quarter of 2012, we provided approximately $2.6 trillion in liquidity to the market. In our single-family business, this helped borrowers to refinance 7.4 million mortgages and purchase 2.1 million homes. In multifamily, we provided financing for more than 1.2 million units of quality rental housing - and more than 85 percent of those units were affordable to families earning at or below the median income in their area.
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