Federal National Mortgage Association Overview

The Federal National Mortgage Association, commonly known as Fannie Mae, is a United States government-sponsored enterprise and, since 1968, a publicly traded company.
The staff at Federal National Mortgage Association come from unusually diverse demographic backgrounds. The company is 39.1% female and 48.0% ethnic minorities. Despite its diversity in other areas, Federal National Mortgage Association employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 85.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. Federal National Mortgage Association has great employee retention with staff members usually staying with the company for 7.0 years. The average employee at Federal National Mortgage Association makes $97,563 per year. In comparison, some of its highest paying competitors, like Morgan Stanley, Mastercard, and S&P Global, pay $105,676, $105,555, and $100,368, respectively.
Based in Washington, DC, Federal National Mortgage Association 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 a reliable source of affordable mortgage financing across the country. Today, our mission continues to provide a stable source of liquidity to support low- and moderate-income mortgage borrowers and renters.

Industry

Finance

Revenue

$27.7B

Employees

7,000

Founded in

1938

Headquarters

Washington, DC

Website

www.fanniemae.com

Organization Type

Public

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The Team At Federal National Mortgage Association

Key People
  • Hugh Frater (Chief Executive Officer)

Federal National Mortgage Association Company Rankings

Federal National Mortgage Association is ranked #35 on the Best Companies to Work For in District of Columbia list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Federal National Mortgage Association Salaries

How much does Federal National Mortgage Association pay?
The national average salary for a Federal National Mortgage Association employee in the United States is $97,563 per year. Employees in the top 10 percent can make over $141,000 per year, while employees at the bottom 10 percent earn less than $67,000 per year.
9.2
Salary Score
Average Employee Earnings

Federal National Mortgage Association Salaries By Job Title

The average employee at Federal National Mortgage Association earns a yearly salary of $97,563 per year, but different jobs can earn drastically different salaries. Some of the positions that earn high wages at Federal National Mortgage Association include sas programmer, manager-finance systems, director, and cics systems programmer. A typical sas programmer salary at Federal National Mortgage Association is $134,181 per year. Some of the other roles at Federal National Mortgage Association are administrative assistant and accounting technician. A worker with the title administrative assistant at Federal National Mortgage Association earns an average salary of $31,310 per year.
Job Title
Title
ascdesc
Average Salarydesc
SAS Programmer
Salary Range125k - 143k$134k$134,181
Manager-Finance Systems
Salary Range123k - 139k$131k$131,216
Director
Salary Range110k - 153k$130k$130,041
Cics Systems Programmer
Salary Range118k - 139k$129k$128,833
Engineering Technician
Salary Range115k - 131k$124k$123,549
Finance Analyst
Salary Range93k - 158k$122k$121,855
Senior Project Manager
Salary Range111k - 131k$121k$121,185
Strategist
Salary Range98k - 144k$119k$119,107
Loan Representative
Salary Range111k - 127k$119k$118,992
Business Analysis Manager
Salary Range108k - 129k$118k$118,368
$82k
$158k

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Federal National Mortgage Association Careers

On average, employees at Federal National Mortgage Association stay with the company for 7.0 years. Employees most commonly join Federal National Mortgage Association after leaving Federal Home Loan Mortgage. When they leave Federal National Mortgage Association, they most frequently get their next job at Bank of America.

Average Length of Employment

4.6 years

Top Employers Before Federal National Mortgage Association

7.1 %

Top Employers After Federal National Mortgage Association

7.4 %

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Federal National Mortgage Association Employee Demographics

9.4
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

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Federal National Mortgage Association Employees Education

Of the 7,000 employees at Federal National Mortgage Association, 11.5% attended George Washington University, The. Employees at Federal National Mortgage Association most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Federal National Mortgage Association Employee Political Affiliation

Federal National Mortgage Association employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Federal National Mortgage Association employee was by Michael Dirrane. Michael Dirrane donated $20,700 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Michael DirraneMortgage Banker
Mortgage Banker
Democratic Party
$20,700Democratic Party
Gretchen HobbsExecutive
Executive
Republican Party
$9,300Republican Party
Brenda GainesCorporate Director
Corporate Director
Democratic Party
$8,000Democratic Party
Steven DeggendorfStrategic Research
Strategic Research
Democratic Party
$7,900Democratic Party
Shelley KleinMortgage Finance
Mortgage Finance
Democratic Party
$7,125Democratic Party
Nancy AtwellVice President
Vice President
Democratic Party
$6,650Democratic Party
John GibsonCommunications
Communications
Democratic Party
$6,600Democratic Party
Kimberly JohnsonRisk Manager
Risk Manager
Democratic Party
$6,500Democratic Party
Philip LaskawyChairperson, Board Of Directors
Chairperson, Board Of Directors
Democratic Party
$5,900Democratic Party
Peter ThaggardSoftware Engineer
Software Engineer
Democratic Party
$5,655Democratic Party
Show More

Federal National Mortgage Association 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

Public

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Federal National Mortgage Association Competitors

Some of the competitors of Federal National Mortgage Association are Morgan Stanley, Mastercard, and S&P; Global. The wages at Morgan Stanley average higher than the other similar companies, where the median salary is $105,676 per year. Employees at Mastercard earn an average of $105,555 per year, and the employees at S&P; Global earn an average salary of $100,368 per year.
Companydesc
Average Salarydesc
Morgan Stanley
Salary Range78k - 141k$106k$105,676
Mastercard
Salary Range83k - 133k$106k$105,555
S&P Global
Salary Range79k - 125k$100k$100,368
Intercontinental Exchange
Salary Range81k - 121k$100k$99,594
Goldman Sachs
Salary Range77k - 127k$99k$99,431
BlackRock
Salary Range71k - 125k$95k$95,234
Federal Home Loan Mortgage
Salary Range74k - 114k$92k$92,023
Visa
Salary Range68k - 118k$90k$90,471
Charles Schwab
Salary Range68k - 118k$90k$89,967
State Street
Salary Range69k - 114k$89k$88,970
$47k
$141k

Frequently Asked Questions about Federal National Mortgage Association

When was Federal National Mortgage Association founded?

Federal National Mortgage Association was founded in 1938.

How many Employees does Federal National Mortgage Association have?

Federal National Mortgage Association has 7,000 employees.

How much money does Federal National Mortgage Association make?

Federal National Mortgage Association generates $27.7B in revenue.

What industry is Federal National Mortgage Association in?

Federal National Mortgage Association is in the finance industry.

What is Federal National Mortgage Association's mission?

Federal National Mortgage Association's mission statement is "To provide a reliable source of affordable mortgage financing across the country. Today, our mission continues to provide a stable source of liquidity to support low- and moderate-income mortgage borrowers and renters."

What type of company is Federal National Mortgage Association?

Federal National Mortgage Association is a public company.

Who are Federal National Mortgage Association's competitors?

Federal National Mortgage Association competitors include Federal Home Loan Mortgage, Goldman Sachs, Franklin Resources, Quicken Loans, State Street, Mastercard, Voya Financial, American Tower, BlackRock, Charles Schwab, S&P Global, The Bank of New York Mellon, Intercontinental Exchange, American Express, Visa, Lincoln National, American International Group, Morgan Stanley, Western Union, Ameriprise Financial.

Who works at Federal National Mortgage Association?

Hugh Frater (Chief Executive Officer)

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Updated October 27, 2021

Zippia gives an in-depth look into the details of Federal National Mortgage Association, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Federal National Mortgage Association. The employee data is based on information from people who have self-reported their past or current employments at Federal National Mortgage Association. 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 Association and its employees or that of Zippia.

Federal National Mortgage Association may also be known as or be related to FEDERAL NAT MORTGAGE ASSOC, FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE, Fannie Mae and Federal National Mortgage Association.