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Related to Fannie Mae: Freddie Mac
Fan·nie Mae(făn′ē mā′)
One of two federally chartered corporations that buy and pool US mortgages and issue securities based on those pools.
[Alteration of F(ederal) N(ational) M(ortgage) A(ssociation).]
Fannie Mae(ˈfænɪ meɪ)
(in the US) an informal name for the Federal National Mortgage Association: a private company that buys and sells mortgage debt
[C20: altered from the initials FNMA]
Fan•nie Mae(ˈfæn i ˈmeɪ)
1. a congressionally chartered private corporation that supplies funds for home mortgages through continuous purchases of mortgages from lending institutions.
2. any of the publicly traded securities collateralized by a pool of mortgages backed by Fannie Mae.
[1950–55; altered from the initials FNMA Federal National Mortgage Association, the former name]