Fannie Mae - S&P Global Ratings’ Credit Research

Fannie Mae

Fannie Mae - S&P Global Ratings’ Credit Research
Fannie Mae
Published Dec 23, 2010
7377 words — Published Dec 23, 2010
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

One of two primary public-policy housing government-sponsored entities (GSEs) Congress established to support liquidity in the vital U.S. secondary mortgage market. Extraordinary governmental support received from the U.S. Treasury. Strong market position in U.S. mortgage finance. Uncertain business prospects beyond conservatorship. Continuing credit weakness in the single-family mortgage portfolio. Capital base reliant on government contribution. Standard&Poor's Ratings Services' ratings on Fannie Mae's debt issues incorporate the implicit support of the U.S. government bolstered by the government's overt actions to support the company since it was placed in conservatorship in September 2008. These actions include a funding commitment to provide up to $200 billion (which has been reduced by draws of $75.2 billion) plus an uncapped funding commitment for

  
Brief Excerpt:

RESEARCH Fannie Mae Publication date: 23-Dec-2010 Primary Credit Analyst: Daniel E Teclaw, New York (1) 212-438-8716; daniel_teclaw@standardandpoors.com Secondary Contact: Matthew Albrecht, New York 212-438-1867; matthew_albrecht@standardandpoors.com...

  
Report Type:

Full Report

Ticker
FNM
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Fannie Mae" Dec 23, 2010. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Fannie-Mae-840571>
  
APA:
S&P Global Ratings’ Credit Research. (). Fannie Mae Dec 23, 2010. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Fannie-Mae-840571>
  
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