Whois & Analysis for fanniemae.com

The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company.

Founded in 1938 during the Great Depression as part of the New Deal, the corporation's purpose is to expand the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities (MBS), allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts").

Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac.

A mortgage loan, also referred to as a mortgage, is used either by purchasers of real property to raise funds to buy real estate; or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

The loan is "secured" on the borrower's property.

This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms.

The word mortgage is derived from a "Law French" term used by English lawyers in the Middle Ages meaning "death pledge", and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.

Owner-occupancy or home-ownership is a form of housing tenure where a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which he/she lives.

This home can be house, apartment, condominium, or a housing cooperative.

In addition to providing housing, owner-occupancy also functions as a real estate investment.

In finance, a loan is the lending of money from one individual, organization or entity to another individual, organization or entity.

A loan is a debt provided by an entity (organization or individual) to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment.

A loan entails the reallocation of the subject asset(s) for a period of time, between the and the .

A home or domicile is a dwelling-place used as a permanent or semi-permanent residence for an individual, family, household or several families in a tribe.

It is often a house, apartment, or other building, or alternatively a mobile home, houseboat, yurt or any other portable shelter.

Homes typically provide areas and facilities for sleeping, preparing food, eating and hygiene.

Larger groups may live in a nursing home, children's home, convent or any similar institution.

A homestead also includes agricultural land and facilities for domesticated animals.

Where more secure dwellings are not available, people may live in the informal and sometimes illegal shacks found in slums and shanty towns.

More generally, "home" may be considered to be a geographic area, such as a town, village, suburb, city, or country.