Full-Time
Facilitates mortgage financing and liquidity
No salary listed
Mid, Senior
Washington, DC, USA + 2 more
More locations: Plano, TX, USA | Reston, VA, USA
Hybrid role can be worked from Washington, DC, Midtown, Reston Town Center, or Plano office.
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Fannie Mae operates in the U.S. housing finance market, focusing on making housing more affordable for homeowners, homebuyers, and renters. The company achieves this by purchasing mortgages from lenders, which provides these lenders with the cash flow needed to offer more loans. Fannie Mae's business model involves either holding these mortgages in its portfolio or packaging them into mortgage-backed securities (MBS) that are sold to investors. This process helps spread risk and injects capital back into the housing market, ensuring that lenders can continue to provide new mortgages. Fannie Mae generates revenue through fees for guaranteeing payments on the MBS and from interest on the mortgages it holds. The company is dedicated to promoting homeownership and rental opportunities while also engaging in community service and fostering workplace diversity and inclusion.
Company Size
10,001+
Company Stage
IPO
Headquarters
Washington DC, District of Columbia
Founded
1938
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Flexible Work Hours
Stucky, who, according to his LinkedIn profile, is a retired heating, ventilation and air conditioning (HVAC) executive, was appointed vice chair of Fannie Mae's board on April 10, the company disclosed Monday in a regulatory filing.
Business executive Omeed Malik joins Fannie Mae's board.
Fannie Mae recently laid off 700 employees, with approximately 200, predominantly of Telugu origin, dismissed on ethical grounds.
Fannie Mae lays off 100 workers citing unethical conduct.
Reports suggest that 700 people were laid off at Fannie Mae last Thursday and Friday, but no official announcements have been issued.