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Profile - Fannie Mae (NYSE:FNM)
As of 31-Aug-2001
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Recent Events
Aug 25Dividend payment of $0.30
Location
3900 Wisconsin Avenue, NW
Washington, DC 20016
Phone: (202) 752-7115
Fax: (202) 752-4447
Employees (last reported count): 4,100
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Consumer Financial Services
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Index Membership
 ·S&P 500
Ownership
·Insider and 5%+ Owners: 16%
·Institutional: 85% (101% of float)
(2,468 institutions)
·Net Inst. Buying: 17.7M shares (+2.05%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Fannie Mae is a private, shareholder-owned company that works to assure that mortgage money is readily available for existing and potential homeowners in the United States. Fannie Mae does not directly lend money to homebuyers, but works with lenders to make sure that there is no shortage of funds available for mortgage loans. Fannie Mae was initially a part of the Federal Housing Administration (FHA) and authorized to buy only FHA-insured loans to replenish lenders' supply of money. Today, Fannie Mae's objective is to increase the availability and affordability of homeownership for low-, moderate- and middle-income Americans. The method in which Fannie Mae accomplishes this is by purchasing mortgages from a variety of institutions, which make up the primary mortgage market. Fannie Mae then buys the mortgage thus allowing the primary market lender to replenish their funds and allow them to lend more money to home buyers.
More from Market Guide: Expanded Business Description

Financial Summary
Fannie Mae provides financial products and services that increase the availability and affordability of housing for low-, moderate-, and middle-income Americans. For the six months ended 6/30/01, revenues increased 19% to $24.97 billion. Net income before acct. change and applicable to Common before extra items rose 26% to $2.61 billion. Revenues reflect growth in the mortgage portfolio and higher average investment balances. Earnings benefited from lower foreclosed property expenses.
More from Market Guide: Significant Developments

Officers

Position
Franklin RainesChairman and CEO
Daniel MuddVice Chairman and COO
Jamie GorelickVice Chairman
Timothy HowardCFO, Exec. VP
Michael WilliamsPres - Fannie Mae e-Bus.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:FNMAs of 31-Aug-2001
Price and Volume
52-Week Low
on 5-Sep-2000
$52.063
Recent Price$76.21 
52-Week High
on 29-Dec-2000
$89.375
Beta0.33 
Daily Volume (3-month avg)2.94M
Daily Volume (10-day avg)3.79M
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+44.1%
52-Week Change
relative to S&P500
+93.4%
Share-Related Items
Market Capitalization$76.3B
Shares Outstanding1.00B
Float840.8M
Dividends & Splits
Annual Dividend (indicated)$1.20 
Dividend Yield1.57%
Last Split: 4 for 1 on 16-Jan-1996
Per-Share Data
Book Value (mrq)$17.11 
Earnings (ttm)$4.80 
Earnings (mrq)$1.45 
Sales (ttm)$47.83 
Cash (mrq)$59.02 
Valuation Ratios
Price/Book (mrq)4.45 
Price/Earnings (ttm)15.88 
Price/Sales (ttm)1.59 
Income Statements
Sales (ttm)$48.1B
EBITDA (ttm)$58.2B
Income available to common (ttm)$4.83B
Profitability
Profit Margin (ttm)10.3%
Operating Margin (ttm)13.9%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.74%
Return on Equity (ttm)28.70%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)36.15 
Total Cash (mrq)$59.1B
Short Interest
As of 8-Aug-2001
Shares Short7.39M
Percent of Float0.9%
Shares Short
(Prior Month)
10.3M
Short Ratio3.01 
Daily Volume2.46M
See Profile Help for a description of each item above;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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