Fannie Mae

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Fannie Mae is the common name for the Federal National Mortgage Association (FNMA). [1] Fannie Mae is a company that deals with the secondary mortgage market. It is a New Deal agency founded by the U.S. government to provide increased liquidity for mortgages. The company was bailed out by the US Government in 2008 (along with Freddie Mac) after making billions in loans available to borrowers with demonstratively poor credit histories.


The top three recipients of campaign contributions from Fannie Mae over the last two decades were all Democrats. [2]

No.1 Connecticut Senator Chris Dodd  
No.2 Illinois Senator Barack Obama  
No.3 Massachusetts Senator John Kerry


  1. Blaming Fannie and Freddie, Ben Zimmer, Visual Thesaurus, September 16, 2008
  2. White House Fires Back at Times Over Housing Meltdown Story Fox News, December 22, 2008