Fannie Mae-No Politics (FNMA)

[Rodney5]

does not guarantee, DIRECTLY or INDIRECTLY…

Fannie Mae securities received no actual explicit or implicit government guarantee. This is clearly stated in the securities themselves, and in many public communications issued by Fannie Mae.

Quote: “Although we are a corporation chartered by the U.S. Congress, the U.S. Government does not guarantee, directly or indirectly, our securities or other obligations. We are a stockholder-owned corporation, and our business is self-sustaining and funded exclusively with private capital. Our common stock is listed on the New York Stock Exchange, and traded under the symbol “FNM.” Our debt securities are actively traded in the over-the-counter market.” End of Quote.

Above Information from: Fannie Mae form 10K Dec 31, 2007
part I, page 1, item 1.

The United States Government’s obligation started when former Secretary Treasury Hank Paulson ‘Nationalized’ both Fannie Mae and Freddie Mac.

Link: https://www.fanniemae.com/sites/g/files/koqyhd191/files/migrated-files/resources/file/ir/pdf/quarterly-annual-results/2007/form10k_022708.pdf