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FNMA

   Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
FNMA
abbr.
Federal National Mortgage Association
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.FNMA - a federally chartered corporation that purchases mortgages
corp, corporation - a business firm whose articles of incorporation have been approved in some state


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s two largest mortgage controllers, Freddie Mac (FMLC) and Fannie Mae (FNMA) recently agreed to enact tougher standards on appraisers and lenders beginning in January 2009 FMLC and FNMA buy mortgages from all facets of the mortgage industry and together they control over 80 percent of the mortgage industry America?
For almost one-half of a century, housing bond markets created from local municipalities, GNMA, FNMA and FHLMC (joined by the FHLB) have provided possibly the greatest infrastructure for the stability of our economy longer than any business in history by catering to the notion that home ownership is one of the most important goals that people strive for.
Moreover, we note that the difference in average loan size is generally larger in the lower coupons, and particularly large in FNMA pools ranging from $11,000 to $39,000.
 
 
 
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