FNMA


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FNMA

abbr.
Federal National Mortgage Association
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.FNMA - 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 ?
FNMA allows funds to be held in interest-bearing accounts as long as they are immediately available without prior notice of withdrawal.
Beyond the above operational risks, certain servicing contracts, such as those entered into with GNMA, FNMA, and FHLMC, increasingly contain recourse provisions that subject the servicer to direct credit risk.
Moody's Investors Service has assigned a Aaa rating to the proposed $51 million of Minnesota Housing Finance Agency ("Minnesota Housing" or the "Agency") Homeownership Finance Bonds, 2016 Series B (Non AMT) (GNMA and FNMA Pass-Through Program) (the "Bonds").
government, or by FNMA or FHLMC, government-sponsored agencies that are not backed by the full faith and credit of the U.S.
Tickers featured: ACC, AIV, AVB, BRE, CPT, EDR, EQR, ESS, FMCC.OB, FNMA.OB.
FNMA is Fannie Mac which was created by Congress in 1938 to bolster the housing industry during the Depression; Fannie Mae was originally authorized to buy only FHA-insured loans to replenish lenders' supply of money.
Following news that acting Ginnie Mae President Michael Bright is leaving to become the CEO of the Structured Finance Industry Group, Cowen analyst Jaret Seiberg called the news "likely a modest negative" those who favor the recap and release of Fannie Mae (FNMA) and Freddie Mac (FMCC).
The $50 million investment in FNMA securities plus approximately $6 to $7 million in second mortgage financing is expected to stabilize the economics in 2,000 to 3,000 affordable housing units.
Also, FNMA may come back into the market after it's last deal in June.
on Tuesday "released a plan that would ease disclosure requirements implemented in 2010 after the financial crisis that discouraged banks from packaging and reselling mortgage-backed securities, a nearly $10T market." According to the WSJ story the move would spur competition in a market dominated by government-backed entities such as Fannie Mae (FNMA) and Freddie Mac .