Fannie Mae Definition
fănē mā
noun
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
Synonyms:
- fnma
- Federal National Mortgage Association
pronoun
(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.
Wiktionary
Origin of Fannie Mae
Alteration of F(ederal) N(ational) M(ortgage) A(ssociation)
From American Heritage Dictionary of the English Language, 5th Edition
Related Articles
Find Similar Words
Find similar words to Fannie Mae using the buttons below.