Federal National Mortgage Association ( FNMA)
A U.S. government sponsored enterprise. FNMA is a private corporation created by the U.S. government to facilitate financing for housing. Informally but widely known as Fannie Mae. American Banker Glossary
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( Fannie Mae)
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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Federal National Mortgage Association ˌFederal ˌNational ˈMortgage Associˌation abbreviation FNMA noun ORGANIZATIONS BANKING FINANCE
a US government organization that buys home loans that have been Guaranteed by the Federal Housing Administration and some other insurers, and arranges for these to be resold as Securities on financial markets. The money obtained is then used to make more loans to home buyers; = FANNIE MAE:
• The Federal National Mortgage Association reported that earnings rose 16% in the first quarter.
Financial and business terms. 2012.