Federal National Mortgage Association

Categories: Credit and Debt, Real Estate, Stocks, Bonds and Treasuries, Loan and Mortgage, Statistics and Risk Management,

the largest source of financing for housing in the United States, which funds mortgages by issuing debt securities in US and international securites markets. It was created in 1938 as a federal agency and chartered in 1968 by the US Congress as a stockholder-owned private company. On September 7, 2008, after the association reported billions of dollars in losses from subprime loans, its government regulatory agency, the Federal Housing Finance Agency put the association under its conservatorship. In addition, the us treasury agreed to provide up to $100 billion of capital as needed to ensure its continued operation.