Saturday, May 25, 2013 10:50 AM EST

Fannie Mae

Overview

The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression. The corporation's purpose is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers. Read More

Headlines Around the Web

Earnings Results: Fannie Mae reports record profit

May 10 - MarketWatch

Darrell Delamaide's Political Capital: Watt nomination 1st step to fixing Fannie, Freddie

May 03 - MarketWatch

Fannie Mae posts record profit

Apr 03 - CNN Money

Earnings Results: Fannie reports record $17.2 billion in profits

Apr 03 - MarketWatch

MarketWatch First Take: Fannie Mae and fuzzy math

Apr 03 - MarketWatch

Fannie Mae earns $17.2B in 2012, biggest annual gain

Apr 03 - Politico

Mortgage-Bond Yields That Guide Loan Rates Rise to 10-Month High

Mar 09 - Bloomberg

Fitch warns on US housing finance reform

Mar 01 - Financial Times

BofA deal is at a high cost but eases fears

Jan 08 - Financial Times

Financial Stocks: B. of A. settlement moves it, others higher

Jan 08 - MarketWatch

BofA in $10bn mortgage settlement

Jan 08 - Financial Times

Bank of America in $10 billion settlement with Fannie Mae

Jan 08 - CNN Money

Real Estate Weekly: Get more than one quote for mortgage

Dec 01 - MarketWatch

Fannie makes deal with insurers to help homeowners

Nov 01 - MarketWatch

Borrowers hit by Sandy may get relief

Oct 31 - MarketWatch

Fannie, Freddie to need less taxpayer funds

Oct 27 - MarketWatch

U.S. sues Bank of America over $1B mortgage fraud

Oct 25 - CBC

U.S. sues Bank of America for $1B for mortgage fraud

Oct 25 - Politico

U.S. sues Bank of America US$1B for mortgage fraud

Oct 25 - Financial Post

U.S. sues B. of A. for $1 bln over mortgage fraud

Oct 25 - MarketWatch

Articles About Fannie Mae

Glass Lewis: Goldman shareholders should vote no on compensation

By Reuters

Goldman Sachs Group Inc <GS.N> shareholders should vote against the Wall Street bank's executive compensation proposal because the board has "failed to link pay with performance," proxy advisory firm Glass Lewis said in a report on Monday. (May 14)

MORE TOPICS: FEDERAL RESERVE, GOLDMAN SACHS, JPMORGAN CHASE, LLOYD BLANKFEIN, MANAGEMENT, MORTGAGE

U.S. will be able to keep borrowing into September: Lew

By Reuters

The United States will not run out of room to borrow until at least early September, Treasury Secretary Jack Lew said on Friday, citing accounting maneuvers that can be employed once a suspension of the nation's debt limit expires next week. (May 11)

MORE TOPICS: FREDDIE MAC, MORTGAGE, LONDON, CONGRESS

Fannie Mae to send $59.4 billion in cash toTreasury

By Reuters

Fannie Mae <FNMA.OB>, the biggest mortgage-finance company operating under government control, on Thursday said it would pay the U.S. Treasury Department $59.4 billion in dividends during the second quarter after recognizing tax benefits it had written down. (May 09)

U.S. can pursue case against Bank of America over mortgages

By Reuters

A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp <BAC.N> over its sale of toxic mortgages to Fannie Mae <FNMA.OB> and Freddie Mac <FMCC. (May 09)

MORE TOPICS: FREDDIE MAC, BANK OF AMERICA, WELLS FARGO, COURT, NEW YORK, LAWSUIT

U.S. can pursue lawsuit against Bank of America over mortgages

By Reuters

A federal judge on Wednesday said the government can pursue parts of a civil lawsuit against Bank of America Corp <BAC.N> over its sale of toxic mortgages to Fannie Mae <FNMA.OB> and Freddie Mac <FMCC.OB>, boosting a largely untested legal theory that U.S. (May 09)

MORE TOPICS: FREDDIE MAC, BANK OF AMERICA, LAWSUIT

Freddie Mac posts second-biggest profit in its history

By Reuters

Freddie Mac <FMCC.OB>, the No. 2 provider of U.S. mortgage money, posted its second-largest quarterly profit in company history in the first quarter due to rising home prices, falling mortgage delinquencies and increased refinance activity. (May 08)

MORE TOPICS: FREDDIE MAC, MORTGAGE, CONGRESS

Freddie Mac posts 2nd-biggest profit in its history

By Reuters

MORE TOPICS: FREDDIE MAC, MORTGAGE, CONGRESS

Fannie Mae, KPMG agree to pay $153 million to end shareholder lawsuit

By Reuters

Mortgage finance company Fannie Mae <FNMA.OB> and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Tuesday. (May 08)

MORE TOPICS: COURT, ATTORNEY GENERAL, LAWSUIT, MORTGAGE, SETTLEMENT

Housing regulator lifts objection to $8.5 billion BofA deal

By Reuters

The Federal Housing Finance Agency on Friday withdrew its conditional objection to Bank of America Corp's <BAC.N> proposed $8.5 billion settlement with investors in Countrywide mortgage-backed securities. (May 04)

MORE TOPICS: FREDDIE MAC, BANK OF AMERICA, COURT, NEW YORK, SUPREME COURT, MORTGAGE

U.S. judge questions fraud statute's use against Bank of America

By Reuters UK

A Manhattan judge indicated Monday he was "troubled" by how the U.S. government applied a rarely used law in a suit against Bank of America Corp <BAC.N> over the sale of toxic mortgages to Fannie Mae <FNMA.OB> and Freddie Mac <FMCC. (Apr 30)

MORE TOPICS: FREDDIE MAC, BANK OF AMERICA, WELLS FARGO, COURT, NEW YORK, LAWYER