10 Largest Companies In The World By Assets

2. Fannie Mae

The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is America’s biggest government-sponsored mortgage loan company. Fannie Mae’s assets are valued at about $3.28 trillion. The company was established in 1938 amid the Great Depression as part of Franklin Delano Roosevelt’s New Deal. The purpose of the mortgage company was to expand and secure mortgages in the form of mortgage-backed securities (MBS), and allow lenders to reinvest their assets into more lending. Fannie Mae recently raised its required Debt-to-Income ratio for mortgages to 50% from 45%. Analysts think this change will significantly help millennials who have large debt loads.