Fannie Mae definition

  • noun:
    • A security given because of the Federal National Mortgage Association and secured by a pool of federally guaranteed and main-stream mortgages.
    • a federally chartered corporation that purchases mortgages
  • proper-noun:
    • Widely-used nickname when it comes to Federal nationwide Mortgage Association (FNMA), a stockholder-owned company sponsored because of the US government, created in 1938 and partially privatized in 1968.

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