news, comment, analysis and data on the global business of credit trading and investing
Fannie Mae
Fannie Mae (Federal National Mortgage Association, FNMA) is a US Congress-chartered, government sponsored enterprse (GSE) with $779.5 billion of outstanding debt, according to its 30 June 2008 SEC filing. The firm was placed under a conservatorship on 7 September 2008. Its CDS auction on 6 October 2008 determined CDS recoveries at 91.51%.
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