The Federal NationalMortgageAssociation, commonly known as Fannie Mae, trades under the New YorkStock Exchangeticker symbol FNMA. It was established in 1938 by the US Congress as a Government Sponsored Enterprise, orGSE. While the company does not have an explicit guarantee of government backing, ...
Not only has Fannie Mae been under a lot more scrutiny, but the banks have been too. In one sense it is kind of frustrating, but on the other hand, it was way too lenient before. There were many people who were loaned more money than they could really afford to pay. ...