What is Fannie Mae?
The '''Federal National Mortgage Association''' ('''FNMA'''), commonly known as '''Fannie Mae''', is a United States [[government-sponsored enterprise]] (GSE) and, since 1968, a [[publicly traded company]]. It founded in 1938 during the [[Great Depression]] as part of the [[New Deal]].<ref>{{Cite magazine | url=http://www.time.com/time/business/article/0,8599,1822766,00.html | magazine=Time | first=Kate | last=Pickert | title=A Brief History of Fannie Mae and Freddie Mac | date=July 14, 2008 | access-date=October 20, 2020 | archive-date=August 26, 2013 | archive-url=https://web.archive.org/web/20130826055445/http://www.time.com/time/business/article/0,8599,1822766,00.html | url-status=dead }}</ref> Its sister organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as [[Freddie Mac]]. As of 2018, Fannie Mae is ranked number 21 on the [[Fortune 500|''Fortune'' 500]] rankings of the largest [[United States]] corporations by total revenue.<ref>{{Cite web|url=http://fortune.com/fortune500/list/|title=Fortune 500 Companies 2018: Who Made the List|website=Fortune|language=en-US|access-date=2018-11-09|archive-date=2019-01-15|archive-url=https://web.archive.org/web/20190115060417/http://fortune.com/fortune500/list/|url-status=dead}}</ref> ==References== {{reflist}} [[Category:1938 establishments in the United States]] {{US-stub}}