Federal National Mortgage Assoc 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 operates through two segments, Single-Family and Multifamily. The Single-Family 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, and other mortgage-related securities. This segment also provides early funding, MBS trading, and single-family mortgage services. The Multifamily segment securitizes multifamily mortgage loans into Fannie Mae MBS; purchases multifamily mortgage loans; and provides credit enhancement for bonds issued by state and local housing finance authorities to finance multifamily housing. This segment also offers delegated underwriting and servicing, and multifamily mortgage servicing services. The company serves mortgage banking companies, savings and loan associations, savings banks, commercial banks, credit unions, community banks, specialty servicers, insurance companies, and state and local housing finance agencies. Federal National Mortgage Association was founded in 1938 and is based in Washington, the District of Columbia.
Federal National Mortgage Assoc is a well-established company. It was founded way back in 1938. This time-proven company loves to hire graduates from University of Maryland - College Park, with 13.5% of its employees having attended University of Maryland - College Park. Want to explore some other great places to work in the United States? You can check out our full list of Best Companies to Work For in the United States. The average employee at Federal National Mortgage Assoc makes $93,489 per year, which is competitive for its industry and location. Some of its highest paying competitors, Federal Reserve System, Moody's, and TD Securities, pay $108,866, $108,543, and $94,867, respectively.
Based in the United States, Federal National Mortgage Assoc is a key player in the finance industry with 7,000 employees and an annual revenue of $27.7B.

The Organization’s Mission

To provide services to low-, moderate-, and middle-income homebuyers.

Industry

Finance

Revenue

$27.7B

Employees

7,000

Founded in

1938

Headquarters

-

Website

www.fanniemae.com

Organization Type

-

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Federal National Mortgage Assoc Salaries

How much does Federal National Mortgage Assoc pay?
The national average salary for a Federal National Mortgage Assoc employee in the United States is $93,489 per year. Employees in the top 10 percent can make over $148,000 per year, while employees at the bottom 10 percent earn less than $58,000 per year.
9.3
Salary Score
Average Employee Earnings

Federal National Mortgage Assoc Salaries By Job Title

While the average employee salary at Federal National Mortgage Assoc is $93,489, there is a big variation in pay depending on the role. The higher paying positions at Federal National Mortgage Assoc include Economist, Modeler, Senior Project Manager, and Director Of Information Management. A typical Economist salary at Federal National Mortgage Assoc is $183,398. To get a better sense of the salaries at Federal National Mortgage Assoc, other roles such as Administrative Assistant and Loan Representative can be considered as well. For comparison, the title Administrative Assistant at Federal National Mortgage Assoc earns $41,696 per year.
Title
Average
Economist
Economist
$183,398
$183k
Modeler
Modeler
$161,764
$162k
Senior Project Manager
Senior Project Manager
$156,969
$157k
Director Of Information Management
Director Of Information Management
$148,898
$149k
Manager-Finance Systems
Manager-Finance Systems
$142,340
$142k
Senior Oracle Database Administrator
Senior Oracle Database Administrator
$113,602
$114k
SAS Programmer
SAS Programmer
$111,611
$112k
ETL Lead
ETL Lead
$108,096
$108k
Business Analysis Manager
Business Analysis Manager
$108,069
$108k
Design, Development
Design, Development
$107,302
$107k

Federal National Mortgage Assoc Careers

On average, employees at Federal National Mortgage Assoc stay with the company for 4.7 years. Employees most commonly join Federal National Mortgage Assoc after leaving Federal Home Loan Mortgage. When they leave Federal National Mortgage Assoc, they most frequently get their next job at Bank of America.

Average Length of Employment

Federal National Mortgage Assoc

4.7 years
BBVA Compass2.9 years
Top Employers Before Federal National Mortgage Assoc
IBM7.2 %
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Top Employers After Federal National Mortgage Assoc
IBM7.6 %
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Federal National Mortgage Assoc Financial Performance

9.0
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1938

Organization type

-

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Federal National Mortgage Assoc Competitors

Some of the competitors of Federal National Mortgage Assoc are Federal Reserve System, Moody's, and TD Securities. The average salaries at Federal Reserve System rank the highest, with their employees earning an average salary of $108,866 per year. The employees at Moody's earn an average yearly salary of $108,543 per year, and the salaries at TD Securities average $94,867 per year.

Frequently Asked Questions about Federal National Mortgage Assoc

When was Federal National Mortgage Assoc founded?

Federal National Mortgage Assoc was founded in 1938.

How many Employees does Federal National Mortgage Assoc have?

Federal National Mortgage Assoc has 7,000 employees.

How much money does Federal National Mortgage Assoc make?

Federal National Mortgage Assoc generates $27.7B in revenue.

What industry is Federal National Mortgage Assoc in?

Federal National Mortgage Assoc is in the finance industry.

What is Federal National Mortgage Assoc's mission?

Federal National Mortgage Assoc's mission statement is "To provide services to low-, moderate-, and middle-income homebuyers."

Who are Federal National Mortgage Assoc's competitors?

Federal National Mortgage Assoc competitors include Federal Reserve System, BBVA Compass, Federal Home Loan Bank of Chicago, Northern Trust, Synovus, Royal Bank of Canada, American Express Bank, FSB, Mercedes-Benz Financial Services USA, Moody's, Federal Home Loan Bank of Boston, TD Securities, CoreLogic, Federal Reserve Bank of New York, Union Bank, Ing Security Life Of Denver, Ocwen Financial, KPMG, Comerica, CIT Group, EverBank.

What is Federal National Mortgage Assoc's website?

You can find the Federal National Mortgage Assoc website at www.fanniemae.com.

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You can find out what it is like to work at Federal National Mortgage Assoc, also known as FEDERAL NAT MORTGAGE ASSOC and Federal National Mortgage Association.

Zippia gives an in-depth look into the details of Federal National Mortgage Assoc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Federal National Mortgage Assoc. The employee data is based on information from people who have self-reported their past or current employments at Federal National Mortgage Assoc. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Federal National Mortgage Assoc and its employees or that of Zippia.