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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).]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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|Noun||1.||Fannie Mae - a federally chartered corporation that purchases mortgages|
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.