• Research Paper on:
    Fannie Mae

    Number of Pages: 14


    Summary of the research paper:

    A 14 page paper that offers a comprehensive discussion and examination of Fannie Mae. The Federal National Mortgage Association, Fannie Mae, was originally chartered in 1937. Today, Fannie Mae is the largest buyer of mortgages for single-family homes in the nation. It does not act as the mortgage originator, instead, it buys the mortgages from the primary lenders. This paper introduces Fannie Mae discussing its operation and purpose. The essay than provides historical background of Fannie Mae, which leads into a discussion of the mortgage industry and also describes technological advances Fannie Mae is using and how these affect its operations. The next section presents a SWOT of Fannie Mae. The final section is recommendations for Fannie Mae. An executive summary is included. 1 Table reporting the most recent revenue and profits for the institution is included. Bibliography lists 10 sources.

    Name of Research Paper File: MM12_PGfnmae.rtf

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    qualify buy their own home by guaranteeing the mortgage. Although its existence is mandated by the federal government, Fannie Mae is a private company. Its operations are monitored by HUD.  The original charter that established Fannie Mae was signed in 1937. Since that time, a number of Acts have modified the institutions operations. Different Acts established Freddie Mac and  Ginnie Mae but Fannie Mae was separated from Ginnie Mae in 1968. Fannie Maes operations were streamlined with Internet technology called MornetPlus. Since installation, a large proportion of Fannie  Maes business is e-business. This technology has allowed Fannie Mae to save time and costs for itself as well as for primary lenders. This is one government-mandated institution that has  surpassed expectations and that completely succeeded in its purpose and mission. Introduction Fannie Mae is the number one buyer of mortgages for single-family homes in the United States  (Hoovers, 2003). It is a public company whose operations are mandated and monitored by the United States government (Hoovers, 2003). Fannie Mae buys mortgages from conventional lenders and adjusts them  for resales, which takes the high risks of mortgage lending from conventional lenders (Hoovers, 2003). This transfer allows individuals and families who would otherwise be unable to qualify for a  mortgage loan to do so (Hoovers, 2003). In short, Fannie Maes core mission is to make home ownership possible for more people (Smith, 2001). Fannie Mae is also involved in  investing in mortgage-backed securities (Hoovers, 2003). Fannie Maes guarantees and general operations makes its securities attractive to investors (Hoovers, 2003). A brief fiscal picture of Fannie Mae is illustrated in  this table. Data are for 2001 fiscal year: Sales (mil) $50,803 Growth 15.2% Net Income (mil) $5,894 Growth 32.5% Employees 4,500 Growth 9.8% (Source: (Hoovers, 2003). The current CEO and 

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