"In 1954, an amendment known as the Federal National Mortgage Association Charter Act[7] made Fannie Mae into "mixed-ownership corporation" meaning that federal government held the preferred stock while private investors held the common stock;[5] in 1968 it converted to a private corporation in order to remove its activity from the annual balance sheet of the federal budget.[8] In the 1968 change, Fannie Mae's predecessor (also called Fannie Mae) was split into the current Fannie Mae and the Government National Mortgage Association ("Ginnie Mae"). Ginnie Mae, which remained a government organization,"