Fannie Mae Management Planning

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Submitted By Kimble06
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Fannie Mae Management Planning

Planning is a management function necessary for the success of any organization. Organizational planning has to include internal and external environments, evaluation of the marketplace, identifying, and analyzing factors that influence planning. Fannie Mae is an organization with a competitive edge in the housing marketplace. Fannie Mae accomplished this through effective planning.
Overview of Fannie Mae Fannie Mae is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability, and affordability to the UNITED STATES housing and mortgage markets. Fannie Mae operates in the UNITED STATES secondary mortgage market. Rather than making home loans directly to consumers, Fannie Mae work with mortgage bankers, brokers and other primary mortgage market partners to help ensure they have funds to lend to home buyers at affordable rates. Fannie Mae fund mortgage investments primarily by issuing debt securities in the domestic and international capital markets. Fannie Mae has three lines of business-Single-Family, Housing and Community Development and Capital Markets-that provides services and products to lenders and a broad range of housing partners. Together, these business contribute to the company’s chartered mission to increase the amount of funds available to make homeownership and rental housing more available and affordable (Fannie Mae, 2010).
Management Planning Function The planning function of management for Fannie Mae is to create strategic goals aligned with Fannie Mae’s organizational mission. Fannie Mae managers must take stock during the planning function to consider major influences that may affect the organization’s success, such as the current interest rates in the housing market. A good idea is for management to recognize the strengths and weaknesses of Fannie…...

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