Fannie Mae

Fannie Mae is a society that aims to help people achieve their goal of owning a home. Their facilities are targeted towards low and middle-income families. Fannie Mae believes that by helping more people to own their own home they are making a positive contribution to communities and society as a whole.

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The Fannie Mae Corporation was created by U.S. Congress in 1938 to boost the housing industry which was in a sad plight as a result of the Great Depression. At that time the Corporation was a part of the Federal Housing Administration. In 1968 Fannie Mae was privatized and continued to operate on a self-sustaining basis. At this time it's operation was expanded to reach a greater proportion of the American public.

 

 

 

 

 

 

Updated 05/20/2004
RadonNews.org