Federal National Mortgage Association

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Noun1.Federal National Mortgage Association - a federally chartered corporation that purchases mortgages
corp, corporation - a business firm whose articles of incorporation have been approved in some state
References in periodicals archive ?
Here's how ARMs work: Banks make adjustable rate mortgage loans and typically sell them to government agencies such as the Government National Mortgage Association (GNMA or Ginnie Mae), the Federal National Mortgage Association (FNMA or Fannie Mae), or the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac).
Freddie Mac) and the Federal National Mortgage Association (Fannie Mae), which might have helped you get your first home, to the U.
The most likely case for next year is stability, and if that's the most likely case, then why put off'' getting a new mortgage, said Eileen Neely, senior economist at Federal National Mortgage Association, the nation's largest buyer of home loans.
A long-awaited Tax Court decision in a case involving the Federal National Mortgage Association has resulted in a resounding victory for Fannie Mae.

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