July 23, 2016 11:30 PM ET

Thrifts and Mortgage Finance

Company Overview of Federal National Mortgage Association

Company Overview

Federal National Mortgage Association provides liquidity and stability support services for the mortgage market in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company’s Single-Family Credit Guaranty segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S. Department of Agriculture, manufactured housing loans, an...

3900 Wisconsin Avenue, NW

Washington, DC 20016

United States

Founded in 1938

7,300 Employees

Phone:

202-752-7000

Key Executives for Federal National Mortgage Association

Chief Executive Officer, President, Director and Member of Executive Committee
Age: 57
Total Annual Compensation: $1.5M
Chief Financial Officer and Executive Vice President
Age: 56
Total Annual Compensation: $2.1M
Executive Vice President, General Counsel and Corporate Secretary
Age: 46
Total Annual Compensation: $2.3M
Executive Vice President of Single Family Business
Age: 50
Total Annual Compensation: $1.6M
Head of Multifamily Business and Executive Vice President
Age: 60
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2015.

Federal National Mortgage Association Key Developments

Fannie Mae Puts Its Wisconsin Avenue Buildings Up For Sale

Federal National Mortgage Association (OTCPK:FNMA) has put its Wisconsin Avenue buildings up for sale.

Fannie Mae Appoints J. Douglas Watt as Senior Vice President and Chief Audit Executive, Effective July 11, 2016

Fannie Mae has appointed J. Douglas Watt as Senior Vice President and Chief Audit Executive. The appointment is effective July 11. Watt most recently served as managing director and audit executive for the Americas at General Electric Capital Corp.

Fannie Mae Announces Board Appointments

Fannie Mae Names Three Housing Finance Veterans to Board of Directors. Frater, Renee L. Glover, and Michael J. Heid have been elected to the Board of Directors. These three new Directors are recognized industry leaders with deep and diverse housing finance expertise. Fannie Mae recently announced that Hugh R. Frater, Renee L. Glover, and Michael J. Heid have been elected to the Board of Directors. The new Directors join other similarly accomplished individuals on a Board of Directors that will help guide Fannie Mae in its drive to be America's most valued housing partner. Mr. Heid recently retired as president of Wells Fargo Home Mortgage. Mr. Frater previously served as chairman and chief executive officer of Berkadia Commercial Mortgage. Ms. Glover is the Founder and Managing Member of The Catalyst Group, LLC. Ms. Glover previously served as president and chief executive officer of the Atlanta Housing Authority and its affiliates.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 10, 2016
Federal National Mortgage Association, 2,068 Loans with Unpaid Principal Balance of $418.41 Million
Bankruptcy
October 21, 2015
Terrace Mortgage Company, Inc.
Merger/Acquisition
September 25, 2015
Willowbrook Apartment Homes
 

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