March 8, 2007
Fannie Mae to Close Its Foundation, but Continue Supporting Charities
The Fannie Mae corporation has decided to shut down its foundation this spring as part of a reorganization of its business operations.
Fannie Mae, a government-sponsored company created to establish a market for secondary mortgages, said it will close the fund April 30. A new Office of Community and Charitable Giving will continue to support affordable housing and efforts to fight homelessness nationwide, and contribute to various charities here, in the company's
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