Fannie Mae's Human Resource Management Policies |
ICMR HOME | Case Studies Collection
»
Human Resource, Organization Behavior Case Studies Please note: This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source. |
||||
Background Note
By the Charter Act of 1954, the government made Fannie Mae a mixed-ownership
company, owned partly by private shareholders. Under this Act, though, the
company still remained under the direct control of the government, the Act
removed government backing for the borrowings used to fund the secondary
market operations and stipulated that the company be exempt from all local
taxes (except property taxes).
During the early 1990s, the company intensified its efforts to offer housing opportunity to people from all communities in the US.
4] The primary mortgage market is where mortgages
originate and funds are lent to borrowers. Primary mortgage market lenders
included mortgage companies, commercial banks, savings and loans, credit unions
and state and local housing finance agencies. Secondary mortgage market is where
mortgages are bought and sold by various investors. Here, lenders do not lend
money directly to borrowers - they buy mortgages from primary market lenders.
Major secondary market investors besides Fannie Mae were pension funds,
securities dealers, insurance companies and other financial institutions. |
Case Studies Links:-
Case Studies,
Short Case Studies,
Simplified Case Studies.
Other Case Studies:-
Multimedia Case Studies,
Cases in Other Languages.
Business Reports Link:-
Business Reports.
Books:-
Textbooks,
Workbooks,
Case Study Volumes.