Fannie Mae Definition

fănē mā
Federal National Mortgage Association: a government-sponsored corporation, formerly a federal agency, which purchases mortgages from lending institutions and sells mortgage-backed securities to investors.
Webster's New World
  • fnma
  • Federal National Mortgage Association

(finance) Widely-used nickname for the Federal National Mortgage Association (FNMA), a stockholder-owned corporation sponsored by the US government, established in 1938 and partially privatized in 1968.


Origin of Fannie Mae

  • Alteration of F(ederal) N(ational) M(ortgage) A(ssociation)

    From American Heritage Dictionary of the English Language, 5th Edition

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