The Federal National Mortgage Association’s San Francisco office will move to Birmingham, U.S. Sen. Tommy Tuberville announced Thursday (Dec. 11).
The Alabama office is expected to open next year, Fannie Mae confirmed to Alabama Daily News.
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Tuberville said he discussed moving the office from California to Alabama with President Donald Trump and Federal Housing Director Bill Pulte. Alabama’s senior senator called it an “early Christmas present.”
Fannie Mae is a U.S. mortgage finance provider that was founded under President Franklin D. Roosevelt as part of the New Deal during the Great Depression to stabilize the mortgage market.
EDITOR’S NOTE — This story was written by Alex Angle and originally published by Alabama Daily News.
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