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Working at Federal National Mortgage Association

Zippia score 4.6

Overview

JobsSalaryRevenueLocations

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HistoryDemographicsCompetitorsCEO & ExecutivesPart Time jobs

Federal National Mortgage Association overview

Industry
Financial Services
Revenue
$99.7B
Headquarters
Washington, DC
Employees
7,500
Founded in
1938
Website
Organization type
Public
CEO
Hugh Frater
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 Association 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 14.0% of its employees having attended University of Maryland - College Park. Want to explore some other great places to work in Washington, DC? You can check out our full list of Best Companies to Work For in Washington, DC.The average employee at Federal National Mortgage Association makes $109,130 per year, which is competitive for its industry and location. Some of its highest paying competitors, Silicon Valley Bank, Moody's, and Penson Financial Services, pay $112,607, $109,712, and $102,656, respectively.
Based in Washington, DC, Federal National Mortgage Association is a key player in the finance industry with 7,500 employees and an annual revenue of $99.7B.

Federal National Mortgage Association's mission statement

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

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2.0/5

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The team at Federal National Mortgage Association

  • The key people at Federal National Mortgage Association is Hugh Frater.
Key people
Hugh Frater

Federal National Mortgage Association rankings

Federal National Mortgage Association is ranked #90 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

Average Federal National Mortgage Association salary
$109,130
yearly
$52.47 hourly
Updated March 14, 2024

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Federal National Mortgage Association diversity

9.1
Diversity score
We calculated Federal National Mortgage Association’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Federal National Mortgage Association’s workforce.
Federal National Mortgage Association diversity summary. Zippia estimates Federal National Mortgage Association's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Federal National Mortgage Association's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Federal National Mortgage Association's workforce.
  • Fannie Mae has 7,500 employees.
  • 41% of Fannie Mae employees are women, while 59% are men.
  • The most common ethnicity at Fannie Mae is White (52%).
  • 17% of Fannie Mae employees are Black or African American.
  • 15% of Fannie Mae employees are Hispanic or Latino.
  • The average employee at Fannie Mae makes $109,130 per year.
  • Employees at Fannie Mae stay with the company for 7.1 years on average.

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Federal National Mortgage Association office locations

Federal National Mortgage Association is headquartered in Washington, DC

Biggest Federal National Mortgage Association locations

RankCityJob countAvg. salary
1Washington, DC69$111,849
2Reston, VA20$103,717
3Plano, TX4$101,734

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.

Federal National Mortgage Association currently has 120.3B in revenue. Federal National Mortgage Association's most recent quarter produced 35.4b (q3'2023).

Federal National Mortgage Association annual revenue

$120B
$96B
$72B
$48B
$24B
$0
2018
2019
2020
2021

Highest paying Federal National Mortgage Association competitors

Compare Federal National Mortgage Association salaries to competitors, including Silicon Valley Bank, Moody's, and Penson Financial Services. Employees at Silicon Valley Bank earn the highest average yearly salary of $112,607. The salaries at Moody's average $109,712 per year, and the salaries at Penson Financial Services come in at $102,656 per year.
RankCompanyAverage salaryJobs
1$112,6070
2$109,7120
3$102,6560
4$100,2170
5$99,3720
6$97,7130
7$97,1210
8$94,9630
9$93,3320
10$93,0530
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    Updated March 14, 2024

    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. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. 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. None of the information on this page has been provided or approved by Federal National Mortgage Association. 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 Fannie Mae and Federal National Mortgage Association.