5 Biggest Mortgage Companies in the US

2. Federal National Mortgage Association (OTCMKTS:FNMAN)

Latest market capitalization: $30 billion

Federal National Mortgage Association (OTCMKTS:FNMAN), or Fannie Mae, provides mortgage financing. The firm was set up in 1938, and it covers both single family and multi family residences. It is headquartered in Washington, D.C.

Federal National Mortgage Association (OTCMKTS:FNMAN) reported a massive $2.4 billion in net income during its third fiscal quarter, which nevertheless ended up marking a 50% decrease over the year ago quarter’s $4.7 billion. The firm had glad tidings for home prices, as it reported that prices had increased by 13.8% annually during the quarter, at a slower level than the second quarter growth of 19.1%.

Federal National Mortgage Association (OTCMKTS:FNMAN)’s market capitalization is $3.3 billion. This is only for one of its securities, with the cumulative market valuation for all of them sitting at close to $30 billion.

Follow Federal National Mortgage Association Fannie Mae (OTCBB:FNMA)