Appleton City, Missouri. Appleton City is a city in St. Clair County, Missouri, United States. The population was 1,127 at the 2010 census.
Fannie Mac was established in 1938. It's name comes from the abbreviation of the original name Federal National Mortgage Association (FNMA). People started calling it Fannie Mae and the name has stuck. In fact, it's now the official name of the corporation. Freddie Mac comes from Federal Home Loan Mortgage Corporation (FHLMC). A bit of a stretch but that's what it's from. Freddie Mac was established in 1970. Sallie Mae is similar...Student Loan Marketing Association (SLMA). It was established in '72 with federal backing but has since severed ties with the government and is a stand-alone corporation since '04.
The company operates as a private firm and offers many loan options for college students. Depending on the option, Sallie Mae loans either go directly to the school or directly to the student. Private Loans. Sallie Mae only gives private loans to students who have good credit.