Fannie Mae or Federal National Mortgage Assoc. - FNMA - Specimen Stock Certificate
Inv# SE3522 Specimen Stock
Specimen Stock printed by Security-Columbian Banknote Company. The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a U.S. government-sponsored enterprise (GSE) that has been publicly traded since 1968. Established in 1938 during the Great Depression as part of the New Deal, Fannie Mae's primary mission is to expand the secondary mortgage market by securitizing mortgage loans into mortgage-backed securities (MBS). This process enables lenders to reinvest their assets into additional loans, thereby increasing the number of available lenders and reducing dependence on local savings and loan associations. Its counterpart is the Federal Home Loan Mortgage Corporation (FHLMC), or Freddie Mac. As of 2023, Fannie Mae is the largest company in the U.S. and the fourth largest globally by assets, with over $4.3 trillion in assets. It ranks 28th on the Fortune 500 list of the largest U.S. corporations by revenue and 75th on the Fortune Global 500 list of the largest global corporations by revenue.
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
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