FANNIE MAE

Fannie Mae: translation

An informal name for the Federal National Mortgage Association ( FNMA) or for securities issued by it. American Banker Glossary

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( Federal National Mortgage Association)

A publicly owned, government-sponsored corporation chartered in 1938 to purchase mortgages from lenders and resell them to investors. Known by the nickname Fannie Mae, it packages mortgages backed by the Federal Housing Administration, but also sells some nongovernment-backed mortgages. Bloomberg Financial Dictionary

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Securities issued by the Federal National Mortgage Association ( FNMA) of the US. Exchange Handbook Glossary

Fannie Mae Fan‧nie Mae [ˌfæni ˈmeɪ] noun

1. ORGANIZATIONS FINANCE BANKING an informal name for the Federal National Mortgage Association

2. [countable usually plural] FINANCE bonds issued by the Fannie Mae

   Federal National Mortgage Association (FNMA).A stockholder-owned corporation that was established in 1938 and is sponsored by the US government. The FNMA's main purpose is to increase the affordability of home mortgage funds for low-, moderate-and middle-income buyers and it is the largest source of home mortgage funds in the United States. Fannie Mae provides funds to the mortgage market primarily by buying mortgages from mortgage originators. These are then held in an investment portfolio or pooled for FNMA members. Purchases are financed by the sale of corporate obligations to private investors.

   ■ www.fanniemae.com ■

Fannie Mae UK US noun US FINANCE

► SHORT FOR Federal National Mortgage Association: an official organization in the US that buys and sells loans in order to raise money to lend to house buyers. Fannie Mae was taken under Federal government control in 2008: »

The US treasury injected $15 billion of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.

→ See also FREDDIE MAC(Cf. ↑Freddie Mac), GINNIE MAE(Cf. ↑Ginnie Mae)

► [C, usually plural] a bond that is issued by Fannie Mae

тж. Fanny Mae банк., фин., амер., разг. "Фэнни Мэй" (распространенное разговорное название Федеральной национальной ипотечной ассоциации; от прочтения английской аббревиатуры FNMA)

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Fannie Mae: translation

Federal Agency bond, Ginnie Mae, Series E bond, Series H bond, adjustment bond, annuity bond, appreciation bond, assented bond, assumed bond, baby bond, bearer bond, bearer certificate, bond, bond anticipation note, callable bond, collateral trust bond, consolidated annuities, consolidated stock, consols, convertible bond, convertible debenture, corporate bond, corporation stock, coupon bond, coupon rate, current income bond, current yield, debenture, deep-discount bond, defense bond, deferred bond, definitive bond, discount bond, equipment bond, equipment note, equipment trust, equipment trust bond, equipment trust certificate, extended bond, first mortgage bond, firsts, general mortgage bond, general obligation bond, government bond, guaranteed bond, high-grade bond, income bond, indenture, interchangeable bond, interim bond, joint bond, mortgage bond, municipal bond, negotiable bond, nominal rate, nonnegotiable bond, optional bond, par bond, participating bond, perpetual bond, premium bond, purchase money bond, refunding bond, registered bond, registered certificate, revenue bond, savings bond, second mortgage bond, seconds, secured bond, small bond, state bond, tax anticipation note, tax-free bond, treasury bond, trust indenture, trustee mortgage bond, unsecured bond, voting bond, war bond, yield to maturity