Definition of Fannie Mae

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TeachMeFinance.com - explain Fannie Mae



Fannie Mae: Federal National Mortgage Association (FNMA); a federally-chartered enterprise owned by private stockholders that purchases residential mortgages and converts them into securities for sale to investors; by purchasing mortgages, Fannie Mae supplies funds that lenders may loan to potential homebuyers.

another definition...

Fannie Mae -- nickname for the Federal National Mortgage Association.

Federal National Mortgage Association (FNMA) -- a corporation created by Congress to facilitate the secondary mortgage market. Popularly known as Fannie Mae.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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