Fannie Mae

Fannie Mae
An informal name for the Federal National Mortgage Association ( FNMA) or for securities issued by it. American Banker Glossary
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A publicly owned, government-sponsored corporation chartered in 1938 to purchase mortgages from lenders and resell them to investors. Known by the nickname Fannie Mae, it packages mortgages backed by the Federal Housing Administration, but also sells some nongovernment-backed mortgages. Bloomberg Financial Dictionary
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Securities issued by the Federal National Mortgage Association ( FNMA) of the US. Exchange Handbook Glossary

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Fannie Mae Fan‧nie Mae [ˌfæni ˈmeɪ] noun
1. ORGANIZATIONS FINANCE BANKING an informal name for the Federal National Mortgage Association
2. [countable usually plural] FINANCE bonds issued by the Fannie Mae

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   Federal National Mortgage Association (FNMA). A stockholder-owned corporation that was established in 1938 and is sponsored by the US government. The FNMA's main purpose is to increase the affordability of home mortgage funds for low-, moderate-and middle-income buyers and it is the largest source of home mortgage funds in the United States. Fannie Mae provides funds to the mortgage market primarily by buying mortgages from mortgage originators. These are then held in an investment portfolio or pooled for FNMA members. Purchases are financed by the sale of corporate obligations to private investors.
   ■ www.fanniemae.com ■

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Fannie Mae UK US noun US FINANCE
► SHORT FOR Federal National Mortgage Association: an official organization in the US that buys and sells loans in order to raise money to lend to house buyers. Fannie Mae was taken under Federal government control in 2008: »

The US treasury injected $15 billion of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.

→ See also FREDDIE MAC(Cf. ↑Freddie Mac), GINNIE MAE(Cf. ↑Ginnie Mae)
► [C, usually plural] a bond that is issued by Fannie Mae

Financial and business terms. 2012.

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Look at other dictionaries:

  • Fannie Mae — Rechtsform GSE ISIN US3135861090 Gründung 1938 …   Deutsch Wikipedia

  • Fannie Mae — Тип Публичная компания …   Википедия

  • Fannie Mae — Saltar a navegación, búsqueda La Federal National Mortgage Association (FNMA) (NYSE: FNM), que significa Asociación Federal Nacional Hipotecaria y es conocida como Fannie Mae, era una empresa de capital abierto, garantizada por el gobierno de los …   Wikipedia Español

  • Fannie Mae — USA Common term for the Federal National Mortgage Association. Fannie Mae was created by the federal government in 1938 to create a secondary market for mortgages by buying mortgages from lenders and was later converted into a publicly traded… …   Law dictionary

  • Fannie Mae — 1948, from FNMA, acronym of Federal National Mortgage Association, established 1938 …   Etymology dictionary

  • Fannie Mae — (Federal National Mortgage Association) U.S. Government chartered corporation that purchases mortgages from lenders and reoffers them to investors as mortgage backed securities (ensures that banks have a constant supply of mortgage funds) …   English contemporary dictionary

  • Fannie Mae — ☆ Fannie Mae [mā′ ] n. informal name for Federal National Mortgage Association: a government sponsored corporation, formerly a federal agency, which purchases mortgages from lending institutions and issues mortgage backed certificates and long… …   English World dictionary

  • Fannie Mae — Infobox Company foundation = 1938 location city = Washington, D.C. company name = Federal National Mortgage Association (Fannie Mae) company company type = Government Sponsored Enterprise Public company key people = Herbert M. Allison, CEO… …   Wikipedia

  • Fannie Mae — 1. See Federal National Mortgage Association. 2. any of the publicly traded securities collateralized by a pool of mortgages backed by the Federal National Mortgage Association. Also, Fanny Mae. Cf. Freddie Mac, Ginnie Mae. [altered from FNMA,… …   Universalium

  • Fannie Mae — Federal National Mortgage Association Logo de Federal National Mortgage Association Création 1938 …   Wikipédia en Français

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